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Housing Affordability in Concord, NC
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 31.3%
- North Carolina 28.8%
- Renters paying 30%+
- 51.7%
- North Carolina 48.9%
- Homeowners paying 30%+
- 20.6%
- North Carolina 19.5%
- Owner costs with a mortgage
- $1,860/mo
- North Carolina $1,631/mo
Housing costs compared with income
- Renters paying 30% or more6,72551.7%
- Homeowners paying 30% or more5,16520.6%
- Renters paying 50% or more2,86822.0%
- Median rent as a share of income: 31.0%
- Median owner costs as a share of income, with a mortgage: 18.6%
- Median owner costs without a mortgage: $549/mo
- Median home value divided by median household income: 4.1
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Concord, NC | 31.3% | 51.7% | 20.6% | 31.0% |
| Cabarrus County | 28.3% | 50.0% | 20.0% | 30.0% |
| North Carolina | 28.8% | 48.9% | 19.5% | 29.5% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Concord, NC?
- In Concord, NC, 31.3% of households spend 30% or more of their income on housing costs.
- How does Concord compare with North Carolina?
- The households paying 30%+ for housing in Concord is 31.3%, compared with 28.8% for North Carolina as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates