Concord, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Concord Neighborhoods Since 2000




Concord, NC 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 87,696 people, 29,921 houses or apartments, and a median cost of homes of $184,134, Concord real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Concord, accounting for 73.13% of the city's housing units. Other types of housing that are prevalent in Concord include large apartment complexes or high rise apartments ( 15.61%), duplexes, homes converted to apartments or other small apartment buildings ( 4.62%), and a few row houses and other attached homes ( 3.35%).

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 64.93% owning and 35.07% renting.

There is a lot of housing in Concord built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Concord built between 2000 and later ( 33.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.44%). There's also some housing in Concord built before 1939 ( 7.10%).

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 3.61%, which ranks in the top 50% nationwide. This equates to an annual average Concord house appreciation rate of 0.35%.

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 6.10%, which is higher than appreciation rates in 74.92% 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 1.88%, which equates to an annual appreciation rate of 7.72%.

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 North Carolina, our data show that Concord's latest annual appreciation rate is higher than 80% of the other cities and towns in North Carolina.

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:
$184,134

Concord, NC HOME PRICES

Value Range
> $1,158,000 0.3
$868,001 - $1,158,000 0.6
$579,001 - $868,000 1.6
$463,001 - $579,000 2.7
$347,001 - $463,000 7.3
$231,001 - $347,000 19.2
$116,001 - $231,000 45.8
$58,001 - $116,000 16.7
$0 - $58,000 5.8

High for NC
High for Nation

Value Relative to Nation Value Relative to State
36.6694011484824 28.3121597096189

Number Of Homes And Apartments:
29,921

Concord Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
24.23% 1.27% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,112 / per month

Homeownership Rate

Homeownership
Owners 64.93
Renters 35.07
Vacant 9.71

Housing Market Details

 

Age of Homes

AGE OF Concord HOMES
2000 or Newer 33.4
1970 - 1999 42.1
1940 - 1969 17.4
1939 or Older 7.1

Types of Homes

TYPE OF Concord HOMES
Single-Family 73.1
Townhomes 3.4
Small Apt. Buildings 4.6
Apt. Complexes 15.6
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Concord HOMES
No Bedroom 4.08
1 Bedroom 5.44
2 Bedrooms 22.99
3 Bedrooms 42.23
4 Bedrooms 18.72
5 or more bedrooms 6.55