Investment metrics, interactive calculators, and data-driven analysis for Concord rental properties.
Pre-filled with Concord medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Concord.
Concord, NC has a population of 108,000 and has been growing at 2% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $340,000 paired with median rents of $1,520/mo produces an estimated cap rate of 3.51%.
Property taxes at 0.8% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.8% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 5.0x, homes cost about 5.0 times the local median income of $68,200. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.6% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Concord is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.