Español

Este sitio también está en español. Leer en español

City · 108,719 residents · Cabarrus County, North Carolina

Concord , North Carolina

In Concord, a typical home is worth $353,700 and typical rent is $1,451 a month. Compared with all of Cabarrus County, the share of households that own their home is 6 points lower.

WhatsApp

  • Typical home value

    $353,700

    About the same as the county

    22% above North Carolina

    • Concord
    • Cabarrus
    • North Carolina

  • Typical rent

    $1,451a month

    3% above the county

    18% above North Carolina

    • Concord
    • Cabarrus
    • North Carolina

  • Typical household income

    $86,921a year

    2% below the county

    20% above North Carolina

    • Concord
    • Cabarrus
    • North Carolina

  • Households that own their home

    65%

    6 points below the county

    1 points below North Carolina

    • Concord
    • Cabarrus
    • North Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$377,926
0.5% less than 12 months ago
Typical rent
$1,784 a month
2.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Concord is in Cabarrus County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cabarrus County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Concord apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Kannapolis, the typical home value is $276,400: 22% less than in Concord ($353,700).

  2. 65% of households in Concord own their home, against 71% in Cabarrus County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Concord

What homes there are in Concord, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Concord, but it weighs less than in Cabarrus County: 72% against 76%.

Year built

The typical year built in Concord is 1998, about the same as in Cabarrus County (1997).

Homes in Concord are smaller: 69% have 3 bedrooms or more; in Cabarrus County, 72%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 81% of owner-occupied homes in Concord are worth less than the FHA loan limit for Cabarrus County ($541,287).

Monthly rent with utilities

About 70% of rented homes in Concord cost less than HUD's 2-bedroom fair market rent for Cabarrus County ($1,785).

With a mortgage

$1,860 a month

Cabarrus County: $1,806 a month

Without a mortgage

$549 a month

Cabarrus County: $518 a month

Owners with a mortgage

71%

Cabarrus County: 71%

The typical cost for an owner with a mortgage in Concord is $1,860 a month, near the figure in Cabarrus County ($1,806).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Concord rose 71%; in Cabarrus County, it rose 75%.

Rents in Concord rose at about the same pace as in Cabarrus County: 51% since 2015–2019, against 53%.

Here income did not keep up with housing: it rose 28%, while home values changed +71% and rent +51%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureConcordCabarrus CountyNorth CarolinaUnited States
Rental vacancy 8.4%7.8%7.1%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.3%0.9%
More than one person per room 4.3%3.2%2.2%3.4%
People per household 2.782.782.442.53
Drive alone 72%72%72%69%
Carpool 8%8%9%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 17%17%16%15%
Other means 2%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Concord, the rental vacancy rate is 8.4%, about the same as in Cabarrus County.

More than one person per room: that is how 4.3% of households in Concord live, more than in Cabarrus County (3.2%).

Much as in Cabarrus County, a household in Concord has 2.78 people on average.

To get to work, 72% of workers in Concord drive alone; in Cabarrus County, 72%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Concord?

A typical home costs more than the typical income allows

We start with a typical home in Concord, worth $353,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Concord, which is $86,921 a year. For that payment to be 28% of income, a household would need to earn about $123,703 a year.

The calculator's FHA and conventional loan limits are those of all of Cabarrus County.

Your numbers

Local data
$

Starts at the typical home value in Concord. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $12,380 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,886

at 7.18% · 30 years

Loan amount
$347,293
Total interest
$499,673
Paid off in
November 2056

Includes $5,973 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,028 a month

  • Tight

    $2,028 to $2,608 a month

  • Hard

    more than $2,608 a month

    Your payment · 40%

Compared with the typical household income in Concord ($86,921 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,886
Principal & interest$2,353
Property tax$230
Home insurance$147
FHA mortgage insurance (MIP)$156

You need at least $12,380 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Concord and Cabarrus County

Concord is in Cabarrus County, North Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Concord's own numbers

Typical home value
$353,700
Typical monthly rent
$1,451
Typical yearly household income
$86,921
Households that own their home
65%
Effective property tax rate
0.78%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Cabarrus County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,785
Price change over 5 years (FHFA)
+62%
Homes in a high flood-risk zone
1.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cabarrus County.

Everything about Cabarrus County

Buying

Buying a home in Concord

A typical home in Concord is worth $353,700: about the same as the county and 22% above North Carolina. With the typical household income in Concord ($86,921 a year), a typical home costs 4.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Concord 4.1 years
  • Cabarrus 4.0 years
  • North Carolina 4.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Cabarrus County

According to FHFA’s house price index, home prices in Cabarrus County rose 122% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Cabarrus County.

Period County North Carolina U.S.
Last year (2025) +2.1% +2.5% +2.9%
5 years (2020–2025) +62% +60% +47%
10 years (2015–2025) +122% +107% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Concord next to Cabarrus County, North Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Concord $353,700
  • Cabarrus $354,800
  • North Carolina $288,900
  • United States $332,700
Typical monthly rent
  • Concord $1,451
  • Cabarrus $1,414
  • North Carolina $1,228
  • United States $1,413
Typical yearly household income
  • Concord $86,921
  • Cabarrus $89,005
  • North Carolina $72,388
  • United States $80,734
See the full table
Concord next to Cabarrus County and North Carolina
Measure Concord Cabarrus County North Carolina U.S.
Typical home value $353,700 $354,800 $288,900 $332,700
Typical monthly rent $1,451 $1,414 $1,228 $1,413
Typical yearly household income $86,921 $89,005 $72,388 $80,734
Households that own their home 65% 71% 67% 65%
Typical yearly property tax $2,757 $2,586 $1,896 $3,119
Effective property tax rate 0.78% 0.73% 0.66% 0.94%
Renters with high rent for their income 52% 50% 49% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cabarrus County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Concord

For a typical $353,700 home in Concord, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Concord's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,886a month

    Least cash to close
    Down payment
    $12,380
    Cash to close
    $22,991
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $156

  • Conventional, 5% down $2,822a month

    Down payment
    $17,685
    Cash to close
    $28,296
    Rate
    7.18%
    Mortgage insurance
    PMI · $168

  • Conventional, 20% down, no PMI $2,294a month

    Down payment
    $70,740
    Cash to close
    $81,351
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,621a month

    Down payment
    $53,055
    Cash to close
    $63,666
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Concord and for Cabarrus County.

Property tax

Effective rate in Concord

0.78%of the home’s value each year

$2,757 a year for the typical owner in Concord.

  • Concord 0.78%
  • Cabarrus 0.73%
  • North Carolina 0.66%

What North Carolina publishes Elderly or Disabled Homestead Exclusion (North Carolina General Assembly (statute))

Exemptions and deadlines in North Carolina

Flood risk in Cabarrus County

FEMA does not publish these numbers by city: they are for all of Cabarrus County.

Homes in the high-risk zone
1.4%
1,202
Of those, with NFIP insurance
20%
County North Carolina U.S.
Homes in the high-risk zone 1.4% 2.8% 3.5%
Of those, with NFIP insurance 20% 53% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Concord

Typical rent in Concord is $1,451 a month: 3% above the county. In Concord, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Cabarrus County, by unit size. To pay the 2-bedroom one ($1,785 a month) without spending more than 30% of your income, you would need to earn $34.33 an hour working full time.

HUD fair market rent for all of Cabarrus County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,574 $30.27 $62,960
1 bedroom $1,640 $31.54 $65,600
2 bedrooms $1,785 $34.33 $71,400
3 bedrooms $2,179 $41.90 $87,160
4 bedrooms $2,773 $53.33 $110,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Concord

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Concord has 2 ZIP codes with their own.

For 2 bedrooms it runs from $1,520 in 28025 to $1,790 in 28027.

1 of the 2 is above the fair market rent for Cabarrus County ($1,785).

  • 28025 $1,520$1,860
  • 28027 $1,790$2,190

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Concord when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Concord

HUD lists 20 buildings with rents for lower incomes in Concord. These are the largest.

  • Chapman 395 Dayvault St SW, Concord 28025 174 low-income homes · Run by Housing Authority of the City of Concord · Average payment: $388 a month (704) 920-6109
  • Greens of Concord 1400 Daley Cir, Concord 28025 152 low-income homes · 2 bd: 48 · 3 bd: 72 · 4 bd: 32 · In service since 1996 · For families
  • Concord Chase 100 Concord Chase Cir, Concord 28025 124 low-income homes · 1 bd: 4 · 2 bd: 40 · 3 bd: 72 · 4 bd: 8 · In service since 2002 · For families
  • Brooke Pointe Apartments 1445 Fairington Dr NW, Concord 28027 106 low-income homes · 2 bd: 61 · 3 bd: 37 · 4 bd: 8 · In service since 2010 · For families
  • Concord Pointe 4400 Concord Pointe Ln SW, Concord 28027 104 low-income homes · 2 bd: 32 · 3 bd: 56 · 4 bd: 16 · In service since 1997 · For families

See all 36 buildings in Cabarrus County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Concord

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Cabarrus County; none says it serves in Spanish.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Concord

No down payment, repair or rent-help program on our list is for Concord or Cabarrus County. The ones below are statewide in North Carolina: they work in Concord the same as in the rest of the state.

Which programs do I qualify for? All programs in North Carolina

  • NC Home Advantage Mortgage

    Statewide in North Carolina

    NCHFA fixed-rate mortgage with down payment assistance, for first-time buyers and for people who have owned a home before, in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Forgivable

    See the program Official page

  • NC 1st Home Advantage Down Payment

    Statewide in North Carolina

    A fixed amount of NCHFA down payment assistance for first-time buyers and veterans in North Carolina. Offered by North Carolina Housing Finance Agency (NCHFA).

    Type not stated

    See the program Official page

  • Community Partners Loan Pool (CPLP)

    Statewide in North Carolina

    NCHFA interest-free loan with deferred payments of up to 25% of the price (maximum $50,000) for the down payment of low- and moderate-income buyers in North Carolina; you apply through a member organization. Offered by North Carolina Housing Finance Agency (NCHFA).

    Deferred

    See the program Official page

Housing counselors near Concord

The HUD-approved agencies closest to the center of Concord, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Prosperity Unlimited, Inc

    1660 Garnet St, Kannapolis · 6 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (704) 933-7405

  • Ada Jenkins Families and Careers Development Center, Inc.

    212 Gamble St, Davidson · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (704) 896-0471

  • NSC (naca Counseling Subsidiary) - Charlotte, NC

    5500 Executive Center Dr Ste 105, Charlotte · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (704) 536-7676

Every agency in Cabarrus County All counseling agencies in North Carolina

Help in Spanish near Concord

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Concord

HUD’s record names them for Concord or Cabarrus County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Concord Public housing and Section 8 vouchers (704) 920-6109

All housing agencies in North Carolina Source: HUD

Cities

Other cities in Cabarrus County

These cities are also in Cabarrus County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Cabarrus County Housing in North Carolina

Nearby cities

The cities closest to Concord, with the typical home value.

Neighboring counties

If Cabarrus County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Concord.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Concord

Short answers with the numbers for Concord and all of Cabarrus County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Concord?

The typical home value in Concord is $353,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cabarrus County it is $354,800.

How much does it cost to rent in Concord?

Typical rent in Concord is $1,451 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cabarrus County is $1,785.

What is the FHA loan limit in Concord?

Concord uses the FHA limit for all of Cabarrus County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Concord?

The typical homeowner in Concord pays $2,757 a year, according to the U.S. Census Bureau. That is 0.78% of the home’s value; in Cabarrus County, the rate is 0.73%.

Where can I find free help to buy or rent in Concord?

There is 1 HUD-approved counseling agency with an office in Cabarrus County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).