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Concord vs High Point for Rental Property Investing

Side-by-side comparison of Concord, NC and High Point, NC — cap rates, rent, prices, and investment metrics.

Concord wins 4–3 across key metrics
High Point leads on cash flow (4.73% vs 3.51% cap rate) · Concord leads on population growth
Metric
Concord, NC
High Point, NC
Est. Cap Rate
3.51%
4.73%
Median Home Price
$340,000
$195,000
Median Monthly Rent
$1,520
$1,100
1% Rule
0.45%
0.56%
GRM
18.6x
14.8x
Price / Income
5.0x
4.6x
Property Tax Rate
0.8%
0.82%
Vacancy Rate
4.8%
6.2%
Population Growth
2% / yr
0.6% / yr
Annual Appreciation
3.6%
2.6%
Population
108,000
115,000
Median Income
$68,200
$42,400

Concord vs High Point: Which Is Better for Investors?

Cash flow: High Point has the edge with an estimated cap rate of 4.73% compared to Concord's 3.51%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $340,000 in Concord vs $195,000 in High Point, while rents come in at $1,520/mo and $1,100/mo respectively.

Growth & appreciation: Concord is growing faster at 2% annually vs High Point's 0.6%. Concord leads on home value appreciation at 3.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.

Costs & risk: Property taxes are 0.8% in Concord vs 0.82% in High Point. Vacancy rates of 4.8% and 6.2% are mixed — Concord has the tighter rental market.

Bottom line: Concord edges out High Point on most key metrics. While cap rates are moderate at 3.51%, Concord's overall profile is stronger. Use our free calculators to model specific deals in Concord or High Point.

Concord, NC
3.51% cap rate · $340,000 median · $1,520/mo
Full analysis →
High Point, NC
4.73% cap rate · $195,000 median · $1,100/mo
Full analysis →
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