Concordia, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Concordia Neighborhoods Since 2000




Concordia, KS 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

Concordia Housing Market Information

With 5,218 people, 2,220 houses or apartments, and a median cost of homes of $89,266, house prices in Concordia are solidly below the national average.

Single-family detached homes are the single most common housing type in Concordia, accounting for 81.61% of the city's housing units. Other types of housing that are prevalent in Concordia include large apartment complexes or high rise apartments ( 9.47%), duplexes, homes converted to apartments or other small apartment buildings ( 6.37%), and a few row houses and other attached homes ( 1.49%).

People in Concordia primarily live in small (one, two or no bedroom) single-family detached homes. Concordia has a mixture of owner-occupied and renter-occupied housing.

The housing in Concordia was primarily built before 1939 ( 39.10%), making the housing stock in Concordia some of the oldest overall in America, although there is a range of ages of homes in Concordia. The next most important housing age is between 1940-1969 ( 36.90%), followed by between 1970-1999 ( 23.03%).

Vacant housing appears to be an issue in Concordia. Fully 12.77% of the housing stock is classified as vacant. Left unchecked, vacant Concordia homes and apartments can be a drag on the real estate market, holding Concordia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Concordia Home Appreciation Rates

In the last 10 years, Concordia has experienced some of the highest home appreciation rates of any community in the nation. Concordia real estate appreciated 17.15% over the last ten years, which is an average annual home appreciation rate of 1.60%, putting Concordia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Concordia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Concordia's appreciation rate, at 4.25%, has been at or slightly above the national average. In the latest quarter, Concordia's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.

Relative to Kansas, our data show that Concordia's latest annual appreciation rate is lower than 50% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$89,266

Concordia, KS HOME PRICES

Value Range
> $1,090,000 0.0
$817,001 - $1,090,000 0.0
$545,001 - $817,000 0.0
$436,001 - $545,000 0.4
$327,001 - $436,000 0.0
$218,001 - $327,000 1.6
$109,001 - $218,000 26.0
$55,001 - $109,000 40.1
$0 - $55,000 31.8

Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4896285011133 64.1843971631206

Number Of Homes And Apartments:
2,220

Concordia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
45.81% 2.21% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 59.66
Renters 40.34
Vacant 12.77

Housing Market Details

 

Age of Homes

AGE OF Concordia HOMES
2000 or Newer 1.0
1970 - 1999 23.0
1940 - 1969 36.9
1939 or Older 39.1

Types of Homes

TYPE OF Concordia HOMES
Single-Family 81.6
Townhomes 1.5
Small Apt. Buildings 6.4
Apt. Complexes 9.5
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Concordia HOMES
No Bedroom 1.10
1 Bedroom 9.43
2 Bedrooms 40.16
3 Bedrooms 31.04
4 Bedrooms 12.34
5 or more bedrooms 5.93

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Zip Codes in Concordia, KS