Concord, NH 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 Q4 2020. 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, NH Housing Market Trends

With a population of 43,627, 17,530 total housing units (homes and apartments), and a median house value of $259,184, Concord real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Concord, accounting for 41.78% of the city's housing units. Other types of housing that are prevalent in Concord include large apartment complexes or high rise apartments ( 30.03%), duplexes, homes converted to apartments or other small apartment buildings ( 16.41%), and a few row houses and other attached homes ( 6.68%).

People in Concord primarily live in small (one, two or no bedroom) single-family detached homes. Concord has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Concord built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Concord built before 1939 ( 31.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.65%). There's also some housing in Concord built between 2000 and later ( 11.80%).

Concord Home Appreciation Rates

Real estate appreciation rates in Concord's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.73% during the period.

Appreciation rates are so strong in Concord that despite a nationwide downturn in the housing market, Concord real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Concord appreciation rates continue to be some of the highest in America, at 8.52%, which is higher than appreciation rates in 96.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Concord. Concord appreciation rates in the latest quarter were at 3.91%, which equates to an annual appreciation rate of 16.59%.

Importantly, NeighborhoodScout’s exclusive research found that Concord's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to New Hampshire, our data show that Concord's latest annual appreciation rate is higher than 50% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Concord differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Concord - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Concord real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$259,184

Concord, NH HOME PRICES

> $1,221,000
0.4%
0.4%
$916,001 - $1,221,000
0.7%
0.7%
$610,001 - $916,000
3.4%
3.4%
$489,001 - $610,000
4.9%
4.9%
$366,001 - $489,000
12.0%
12.0%
$244,001 - $366,000
38.5%
38.5%
$122,001 - $244,000
29.5%
29.5%
$61,001 - $122,000
4.9%
4.9%
$0 - $61,000
5.6%
5.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for NH

Value Relative To Nation

Number Of Homes And Apartments:
17,530

Concord Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
87.48% 3.04%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,440 / per month

Homeownership Rate

Owners
49.0%
49.0%
Renters
51.0%
51.0%
Vacant
6.1%
6.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.8%
11.8%
1970 - 1999
41.9%
41.9%
1940 - 1969
14.6%
14.6%
1939 or Older
31.6%
31.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
41.8%
41.8%
Townhomes
6.7%
6.7%
Small Apt. Buildings
16.4%
16.4%
Apt. Complexes
30.0%
30.0%
Mobile Homes
5.1%
5.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
15.3%
15.3%
2 Bedrooms
36.9%
36.9%
3 Bedrooms
26.8%
26.8%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES