Concord, North Carolina Real Estate Market Analysis

dynamic.RE

Concord, North Carolina

3 ZIPs in this city:28025 28026 28027

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+2.3%

Slower

Price vs US

102%

Above avg

Median Listing Price

$442K

Population

140,106

Households

49,876

Median Days on Market

Active Listings

416

New Listings

180

Housing Market

Pricing

Median Listing Price

$442K+2.7% YoY

Average Listing Price

$491K-0.8% YoY

Price per Sq Ft

$206.813-1.6% YoY

Median Sq Ft

2,139+3.8% YoY

Inventory

Active Listings

416+11.5% YoY

New Listings

1800.0% YoY

Total Listings

621+5.6% YoY

Buyer Competition

Pending Listings

210-3.7% YoY

Pending Ratio

0.50-13.4% YoY

Median Days on Market

55+22.6% YoY

Price Reduced

25.6%-8.0% YoY

Units & Occupancy

2024 Occupancy

94Kunits

Occupied84,24689.9%
Vacant9,44510.1%

2024 Tenure

84Koccupied

Owner59,95871.2%
Renter24,28828.8%

Renter Share

28.8%+3.5% YoY

Total Housing Units

93,691+2.6% YoY

FY2026 Fair Market Rent — Cabarrus County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,469

/month

1 BR

$1,538

/month

2 BR

$1,686

/month

3 BR

$2,076

/month

4 BR

$2,637

/month

FMR Trends — Cabarrus County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

140,106+2.3% YoY

2024 Age Mix

140Kresidents

Under 1836,55026.1%
Adults 18–6485,48261.0%
65 & Over18,07412.9%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.42-1.9% YoY

Population Under 18

36,550+3.7% YoY

Population 65 & Over

18,074+2.3% YoY

Households & Mobility

Total Households

49,876+3.5% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.78-1.0% YoY

2024 Residential Mobility

of residents

Same house88.2%
Moved (within US)11.4%
Other0.3%

Veterans

6.1%-3.7% YoY

Income & Poverty

Median Household Income

$87K+2.4% YoY

Per-Capita Income

$42K+3.0% YoY

Mean Household Income

$115K+3.4% YoY

Below Poverty Level

10.1%+8.4% YoY

Commuting

2024 Commute Mode

of workers

Drove alone73.1%
Public transit0.2%
Worked from home15.6%
Other11.1%

Worked From Home

15.6%+5.9% YoY

Mean Commute

27.11-3.0% YoY

Units & Tenure

Total Housing Units

55,849+1.2% YoY

2024 Occupancy

56Kunits

Occupied49,87689.3%
Vacant5,97310.7%

2024 Tenure

50Khouseholds

Owner32,96566.1%
Renter16,91133.9%

Avg Household Size — Owner

2.87-1.8% YoY

Avg Household Size — Renter

2.61+1.3% YoY

County Demographics

Median Age

37.72024

Population

Cabarrus County Population

244,925+1.8% YoY

Households

Total Households

84,246+4.8% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.78-2.5% YoY

Age

2024 Age Mix

236Kresidents

Under 1859,43325.2%
Adults 18–64144,66261.3%
65 & Over32,03813.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

59,433+1.3% YoY

Population 65 & Over

32,038+3.4% YoY

Median Age

37.700.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house89.2%
Moved (within US)10.5%
Other0.3%

Veterans

6.6%0.0% YoY

County Economy

Income

Median Household Income

$89K+3.4% YoY

Per-Capita Income

$43K+4.9% YoY

Mean Household Income

$116K+3.5% YoY

Poverty

Below Poverty Level

9.3%+4.5% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone72.3%
Public transit0.6%
Worked from home17.2%
Other9.9%

Worked From Home

17.2%+8.9% YoY

Mean Commute

27.30-2.5% YoY

Concord, North Carolina

3 ZIPs in this city:28025 28026 28027

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

+2.3%

Slower

Price vs US

102%

Above avg

Median Listing Price

$442K

Population

140,106

Households

49,876

Median Days on Market

Active Listings

416

New Listings

180

Housing Market

Pricing

Median Listing Price

$442K+2.7% YoY

Average Listing Price

$491K-0.8% YoY

Price per Sq Ft

$206.813-1.6% YoY

Median Sq Ft

2,139+3.8% YoY

Inventory

Active Listings

416+11.5% YoY

New Listings

1800.0% YoY

Total Listings

621+5.6% YoY

Buyer Competition

Pending Listings

210-3.7% YoY

Pending Ratio

0.50-13.4% YoY

Median Days on Market

55+22.6% YoY

Price Reduced

25.6%-8.0% YoY

Units & Occupancy

2024 Occupancy

94Kunits

Occupied84,24689.9%
Vacant9,44510.1%

2024 Tenure

84Koccupied

Owner59,95871.2%
Renter24,28828.8%

Renter Share

28.8%+3.5% YoY

Total Housing Units

93,691+2.6% YoY

FY2026 Fair Market Rent — Cabarrus County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,469

/month

1 BR

$1,538

/month

2 BR

$1,686

/month

3 BR

$2,076

/month

4 BR

$2,637

/month

FMR Trends — Cabarrus County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

140,106+2.3% YoY

2024 Age Mix

140Kresidents

Under 1836,55026.1%
Adults 18–6485,48261.0%
65 & Over18,07412.9%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

36.42-1.9% YoY

Population Under 18

36,550+3.7% YoY

Population 65 & Over

18,074+2.3% YoY

Households & Mobility

Total Households

49,876+3.5% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.78-1.0% YoY

2024 Residential Mobility

of residents

Same house88.2%
Moved (within US)11.4%
Other0.3%

Veterans

6.1%-3.7% YoY

Income & Poverty

Median Household Income

$87K+2.4% YoY

Per-Capita Income

$42K+3.0% YoY

Mean Household Income

$115K+3.4% YoY

Below Poverty Level

10.1%+8.4% YoY

Commuting

2024 Commute Mode

of workers

Drove alone73.1%
Public transit0.2%
Worked from home15.6%
Other11.1%

Worked From Home

15.6%+5.9% YoY

Mean Commute

27.11-3.0% YoY

Units & Tenure

Total Housing Units

55,849+1.2% YoY

2024 Occupancy

56Kunits

Occupied49,87689.3%
Vacant5,97310.7%

2024 Tenure

50Khouseholds

Owner32,96566.1%
Renter16,91133.9%

Avg Household Size — Owner

2.87-1.8% YoY

Avg Household Size — Renter

2.61+1.3% YoY

County Demographics

Median Age

37.72024

Population

Cabarrus County Population

244,925+1.8% YoY

Households

Total Households

84,246+4.8% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.78-2.5% YoY

Age

2024 Age Mix

236Kresidents

Under 1859,43325.2%
Adults 18–64144,66261.3%
65 & Over32,03813.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

59,433+1.3% YoY

Population 65 & Over

32,038+3.4% YoY

Median Age

37.700.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house89.2%
Moved (within US)10.5%
Other0.3%

Veterans

6.6%0.0% YoY

County Economy

Income

Median Household Income

$89K+3.4% YoY

Per-Capita Income

$43K+4.9% YoY

Mean Household Income

$116K+3.5% YoY

Poverty

Below Poverty Level

9.3%+4.5% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone72.3%
Public transit0.6%
Worked from home17.2%
Other9.9%

Worked From Home

17.2%+8.9% YoY

Mean Commute

27.30-2.5% YoY