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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 $220,171, lower than the Virginia average of $443,089.
The average cost of rent is $781/mo in Concord, primarily driven by the current value of real estate in the Concord area. In Concord, 14.23% of households rent, and 50.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Concord is $5,943 per month. Households that rent pay about 13.14% of their income on rent here. Concord’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stonewall, VA: equally priced homes
- Spout Spring, VA: equally priced homes
- East Brook, VA: higher priced homes
- Joshua Falls, VA: less expensive homes
- Galts Mill, VA: equally priced homes
- Appomattox, VA: equally priced homes
- Rustburg, VA: equally priced homes
- Spring Mills, VA: less expensive homes
- Stapleton, VA: equally priced homes
- Oakville, VA: equally priced homes
Cities with Similar Populations
- Lexington, TX: higher priced homes
- Clarkson, KY: less expensive homes
- Bowling Green, FL: less expensive homes
- Constantine, MI: less expensive homes
- Custer, WA: higher priced homes
- Whitehall, NY: less expensive homes
- East Haddam, CT: higher priced homes
- Paige, TX: higher priced homes
- Yellville, AR: less expensive homes
- Phillips, WI: less expensive homes
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