Concord, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Concord Neighborhoods Since 2000




Concord, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Concord Housing Market Information

With 128,667 people, 45,409 houses or apartments, and a median cost of homes of $493,428, real estate costs in Concord are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Concord, accounting for 60.93% of the city's housing units. Other types of housing that are prevalent in Concord include large apartment complexes or high rise apartments ( 24.56%), duplexes, homes converted to apartments or other small apartment buildings ( 6.80%), and a few row houses and other attached homes ( 4.91%).

The most prevalent building size and type in Concord are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.62% owning and 41.38% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Concord's housing was primarily built during this period, from the '40s through the '60s. A full 49.53% of the city's housing hails from this era. Other housing ages represented in Concord include homes built between 1970-1999 ( 43.93%) and housing constructed between 2000 and later ( 4.93%). There's also some housing in Concord built before 1939 ( 1.62%).

Concord Home Appreciation Rates

Real estate appreciation rates in Concord's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

Appreciation rates are so strong in Concord that despite a nationwide downturn in the housing market, Concord real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Concord appreciation rates continue to be some of the highest in America, at 8.68%, which is higher than appreciation rates in 89.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Concord. Concord appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Concord one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Concord's latest annual appreciation rate is higher than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Concord differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Concord - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Concord real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$493,428

Concord, CA HOME PRICES

Value Range
> $1,403,000 1.3
$1,052,001 - $1,403,000 3.6
$702,001 - $1,052,000 17.2
$561,001 - $702,000 18.8
$421,001 - $561,000 20.9
$281,001 - $421,000 18.8
$140,001 - $281,000 10.0
$70,001 - $140,000 4.0
$0 - $70,000 5.4

Average for CA
Very High for Nation

Value Relative to Nation Value Relative to State
6.10570725418962 40.7407407407407

Number Of Homes And Apartments:
45,409

Concord Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
85.72% 3.65% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,704 / per month

Homeownership Rate

Homeownership
Owners 58.62
Renters 41.38
Vacant 4.65

Housing Market Details

 

Age of Homes

AGE OF Concord HOMES
2000 or Newer 4.9
1970 - 1999 43.9
1940 - 1969 49.5
1939 or Older 1.6

Types of Homes

TYPE OF Concord HOMES
Single-Family 60.9
Townhomes 4.9
Small Apt. Buildings 6.8
Apt. Complexes 24.6
Mobile Homes 2.6
Other 0.2

Home Size

SIZE OF Concord HOMES
No Bedroom 1.76
1 Bedroom 11.38
2 Bedrooms 25.26
3 Bedrooms 36.58
4 Bedrooms 21.96
5 or more bedrooms 3.06