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These days, finding an affordable place to live in the Concord area can be challenging. Home prices in Concord are now at a median cost of $1,412,959, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,071/mo in Concord, primarily driven by the current value of real estate in the Concord area. In Concord, 18.06% of households rent, and 44.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Concord is $16,657 per month. Households that rent pay about 12.43% of their income on rent here. Concord’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Concord, MA: less expensive homes
- Lincoln, MA: equally priced homes
- Acton, MA: less expensive homes
- Hanscom Afb, MA: less expensive homes
- Carlisle, MA: less expensive homes
- Bedford, MA: less expensive homes
- Maynard, MA: less expensive homes
- Riverside, MA: less expensive homes
- Village Of Nagog Woods, MA: less expensive homes
- Pine Lake, MA: less expensive homes
Cities with Similar Populations
- Quinlan, TX: less expensive homes
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- Hopkins, SC: less expensive homes
- Huntertown, IN: less expensive homes
- Hurricane, WV: less expensive homes
- Lake Station, IN: less expensive homes
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