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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 $347,381, higher than the North Carolina average of $323,314.
The average cost of rent is $1,579/mo in Concord, primarily driven by the current value of real estate in the Concord area. In Concord, 32.78% of households rent, and 31.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Concord is $7,991 per month. Households that rent pay about 19.77% of their income on rent here. Concord’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harrisburg, NC: higher priced homes
- Flows Store, NC: higher priced homes
- Kannapolis, NC: less expensive homes
- Georgeville, NC: higher priced homes
- Rimer, NC: less expensive homes
- Midland, NC: higher priced homes
- Mount Pleasant, NC: less expensive homes
- Davidson, NC: higher priced homes
- Huntersville, NC: higher priced homes
- Locust, NC: less expensive homes
Cities with Similar Populations
- Fayetteville, AR: equally priced homes
- Gainesville, FL: less expensive homes
- Garden Grove, CA: higher priced homes
- Fayetteville, NC: less expensive homes
- Fontana, CA: higher priced homes
- Frisco, TX: higher priced homes
- Fort Lauderdale, FL: higher priced homes
- Fresno, CA: higher priced homes
- Federal Way, WA: higher priced homes
- Gary, IN: less expensive homes
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