Concord, NC

Population: 83,506
Average annual home appreciation rate: 5.27%
Total of homes for sale in this market: 347
Median home price: $185,606
Median Rent: $882 per room
Home price range: 46.95% of homes are between $110,001 – $221,000
Median sales price: $146,000
Number of homes: 230
Median foreclosure sales price: $109,300
Foreclosure discount: 25%
Most common home type: 72.46% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.55%
Number of renters: 32.74%
Number of owner occupied: 67.26%
Number people living below poverty level: 12.60%
Unemployment rate: 4.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Concord area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *