Concord, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Concord, MA Real Estate Data


Concord Housing Market Information

With a population of 19,830, 6,876 total housing units (homes and apartments), and a median house value of $826,665, Concord house prices are not only among the most expensive in Massachusetts, Concord real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Concord, accounting for 68.74% of the town's housing units. Other types of housing that are prevalent in Concord include large apartment complexes or high rise apartments ( 16.30%), duplexes, homes converted to apartments or other small apartment buildings ( 9.32%), and a few row houses and other attached homes ( 5.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Concord. Owner-occupied housing accounts for 69.02% of Concord's homes, and 57.02% have either three or four bedrooms, which is average sized relative to America.

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 30.78% of the town's housing hails from this era. Other housing ages represented in Concord include homes built between 1970-1999 ( 30.67%) and housing constructed before 1939 ( 26.78%). There's also some housing in Concord built between 2000 and later ( 11.77%).

Concord Home Appreciation Rates

Appreciation rates for homes in Concord have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.59%, which ranks in the top 30% nationwide. This equates to an annual average Concord house appreciation rate of 1.46%.

Over the last year, Concord appreciation rates have trailed the rest of the nation. In the last twelve months, Concord's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Concord were at -0.02%, which equates to an annual appreciation rate of -0.08%.

Relative to Massachusetts, our data show that Concord's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$826,665

Concord, MA HOME PRICES

Value Range
> $1,147,000 15.6
$860,001 - $1,147,000 19.1
$574,001 - $860,000 31.8
$459,001 - $574,000 12.4
$344,001 - $459,000 5.6
$230,001 - $344,000 2.6
$115,001 - $230,000 0.3
$57,001 - $115,000 0.8
$0 - $57,000 0.8

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.72272354388843 5.12820512820513

Number Of Homes And Apartments:
6,876

Rent & Ownership

 

Average Market Rent:
$2,462 / per month

Homeownership Rate

Homeownership
Owners 69.02
Renters 30.98
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Concord HOMES
2000 or Newer 11.8
1970 - 1999 30.7
1940 - 1969 30.8
1939 or Older 26.8

Types of Homes

TYPE OF Concord HOMES
Single-Family 68.7
Townhomes 5.6
Small Apt. Buildings 9.3
Apt. Complexes 16.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Concord HOMES
No Bedroom 1.56
1 Bedroom 8.22
2 Bedrooms 19.63
3 Bedrooms 23.08
4 Bedrooms 33.94
5 or more bedrooms 13.57

Concord Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
60.40% 2.78% 8 7
* 10 is highest

Popular Neighborhoods in Concord

Zip Codes in Concord, MA