Concord, CA—94520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Concord, CA
As of Nov '25, the median home price in Concord, CA is $587,000, with a year-over-year change of -7.3%. This indicates that home prices in Concord, CA are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $587,000 | -7.3% |
| Single Family | $621,000 | -7.0% |
| Condos | $297,000 | -10.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $245,000 | -12.2% |
2 Bed | $370,000 | -9.8% |
3 Bed | $614,000 | -7.4% |
4 Bed | $694,000 | -5.6% |
| 5 Bed | $792,421 | -5.5% |
% of Housing Stock
Rental Trends — Concord, CA
As of July '25, Rentcast reports the average rent in Concord, CA is $2,160, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Concord, CA is studios: $1,790, 1-bedrooms: $1,840, 2-bedrooms: $2,230, 3-bedrooms: $3,480, 4-bedrooms: $3,720. The most common rental property sizes in Concord, CA are 2-bedroom and 1-bedroom, accounting for 37.4% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,160 |
| Studio Rent | $1,650 | $1,790 |
| 1 Bed Rent | $1,820 | $1,840 |
| 2 Bed Rent | $2,200 | $2,230 |
| 3 Bed Rent | $3,450 | $3,480 |
| 4 Bed Rent | $3,250 | $3,720 |
% of Rental Stock
Property Listings — Concord, CA
As of Nov '25, Realtor.com reports that the median days on market for a home in Concord, CA is 55. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | 35.0% |
Listing Count | 57 | 14.0% |
| Listings as % of Homes | 0.2% | 14.0% |
Days on Market | 55 | 43.0% |
Demographics — Concord, CA
As of the latest ACS Survey released in 2023, Concord, CA has a population of 36,800, which has decreased by -4.7% over the past 5 years. Concord, CA is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,800 | -4.7% |
% Under 18 | 24.3% | 6.1% |
% Seniors | 11.2% | 7.7% |
% WFH | 9.7% | 212.9% |
% w/ College Degree | 29.9% | 17.3% |
As of the latest ACS Survey released in 2023, Concord, CA is a predominantly hispanic area, with 51.4% of the population identifying as hispanic. The hispanic population has grown by 6.4% in the last 5 years. The second most common race or ethnicity in Concord, CA is white, making up 28.1% of the population. Foreign-born residents account for 35.5% of the population in Concord, CA, and this percentage has decreased by 13.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 28.1% | -4.7% |
% Black | 4.6% | -9.8% |
% Hispanic | 51.4% | 6.4% |
% Asian | 10.3% | -17.6% |
% Foreign Born | 35.5% | -13.8% |
Mortgage and Risk — Concord, CA
According to HUD data as of 2023, there were 217 mortgage originations in Concord, CA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Concord, CA. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Rentals and Section 8 — Concord, CA
As of 2024, the percent of homes in Concord, CA under the Section 8 program is 6.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Concord, CA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 607 |
Total Units Section 8 | 596 |
% Rentals under Section 8 | 6.6% |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,820 | $1,920 |
| 2 Bedroom | $140 | $2,200 | $2,340 |
| 3 Bedroom | -$440 | $3,450 | $3,010 |
| 4 Bedroom | $310 | $3,250 | $3,560 |
Affordability — Concord, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $587,000 |
| Median Household Income | $79,800 |