Concord, MA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Concord, MA Housing Market Trends

With a population of 18,918, 6,635 total housing units (homes and apartments), and a median house value of $960,607, Concord house prices are not only among the most expensive in Massachusetts, Concord real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Concord, accounting for 66.53% of the town's housing units. Other types of housing that are prevalent in Concord include large apartment complexes or high rise apartments ( 19.98%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 6.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Concord. Owner-occupied housing accounts for 68.87% of Concord's homes, and 56.56% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Concord's housing was primarily built during this period, from the '40s through the '60s. A full 34.12% of the town's housing hails from this era. Other housing ages represented in Concord include homes built between 1970-1999 ( 28.40%) and housing constructed before 1939 ( 20.10%). There's also some housing in Concord built between 2000 and later ( 17.38%).

Concord Home Appreciation Rates

Appreciation rates for homes in Concord have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.89%, which ranks in the top 50% nationwide. This equates to an annual average Concord house appreciation rate of 3.92%.

Over the last year, Concord appreciation rates have trailed the rest of the nation. In the last twelve months, Concord's appreciation rate has been 5.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Concord were at 3.04%, which equates to an annual appreciation rate of 12.71%.

Relative to Massachusetts, our data show that Concord's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$960,607

Concord, MA HOME PRICES

> $1,128,000
37.1%
37.1%
$846,001 - $1,128,000
26.7%
26.7%
$564,001 - $846,000
24.7%
24.7%
$452,001 - $564,000
6.2%
6.2%
$339,001 - $452,000
3.2%
3.2%
$225,001 - $339,000
0.8%
0.8%
$113,001 - $225,000
0.6%
0.6%
$56,001 - $113,000
0.4%
0.4%
$0 - $56,000
0.2%
0.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
6,635

Concord Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
85.65% 2.92%
4
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,162 / per month

Homeownership Rate

Owners
68.9%
68.9%
Renters
31.1%
31.1%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.4%
17.4%
1970 - 1999
28.4%
28.4%
1940 - 1969
34.1%
34.1%
1939 or Older
20.1%
20.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.5%
66.5%
Townhomes
6.4%
6.4%
Small Apt. Buildings
7.1%
7.1%
Apt. Complexes
20.0%
20.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
9.7%
9.7%
2 Bedrooms
20.4%
20.4%
3 Bedrooms
24.3%
24.3%
4 Bedrooms
32.3%
32.3%
5 or more bedrooms
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Concord

Zip Codes in Concord, MA