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Concord, NC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,731
Monthly Cash Flow
-$427
Principal + Equity
$2,804
Annual Total Gain
$28,529
Cash on Cash
-5.4%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$165
Occupancy Rate
60%
Monthly Revenue
$2,246
Monthly Cash Flow
-$249
Principal + Equity
$2,804
Annual Total Gain
$30,662
Cash on Cash %
-3.15%
Net ROI %
Market Health & Growth
Median Income
$84,752
Population
106,518
LTR Renter %
33.57%
Forecast (1 yr)
2.1%
Appreciation (1 yr)
-2.03%
Appreciation (5 yr)
48.83%
Appreciation (10 yr)
115.06%
Job Growth
0.6%
LTR Rentability
Moderate
STR Demand
55
STR Rentals
180
Top Public Schools
ALake Norman Charter School
ACabarrus-Kannapolis Early College High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Suburbs to Live in North Carolina
#29out of 185 markets
Most Diverse Suburbs in North Carolina
#8out of 185 markets
Best Suburbs for Young Professionals in North Carolina
#26out of 185 markets
B
Public School
C
Crime And Safety
B
Housing
B-
Nightlife
A-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Concord, NC.
In Concord, NC, Short Term Rentals (STRs) are regulated by the city's Zoning Ordinance. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Zoning Restrictions: STRs are only allowed in certain zoning districts in Concord. Investors should ensure that the property they are considering purchasing is located in a zoning district that permits STRs.
2. Permitting Requirements: In order to operate a STR in Concord, investors must obtain a Short Term Rental Permit from the city. This permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
3. Occupancy Limits: There are occupancy limits for STRs in Concord, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are in compliance with them.
4. Noise and Nuisance Regulations: Concord has regulations in place to address noise and nuisance issues related to STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Taxes and Fees: Investors should be aware of any local taxes or fees that may apply to STRs in Concord. This may include occupancy taxes, sales taxes, or other fees that must be collected and remitted to the city.
6. Homeowner's Association Rules: If the property is located in a neighborhood with a homeowner's association, investors should also be aware of any rules or restrictions that the HOA may have regarding STRs.
Overall, investors considering purchasing a property for Short Term Rental purposes in Concord, NC should thoroughly research and understand the local regulations and requirements in order to ensure compliance and a successful investment.
Market Trends Over Time
Explore 25 years of market data for Concord, NC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Concord, NC.
The LTR Genie Score of Concord, NC is 73 and the STR Genie Score is 62, indicating a moderate to high potential for long-term rental investment and moderate potential for short-term rental investment. The LTR Rentability is moderate, with a Rent Growth Rate of 0.056% and a Net ROI of 30.11%. On the other hand, the STR Net ROI is slightly higher at 32.36%, with an Occupancy rate of 60.0% and Revenue of 2246. The 1-Year Price Appreciation Forecast is 2.1%.
Concord, NC is a growing city located in Cabarrus County, known for its strong economy, low cost of living, and proximity to Charlotte. The city offers a mix of urban amenities and suburban charm, making it an attractive location for real estate investors.
Based on the metrics provided, Concord, NC appears to be a promising market for both long-term and short-term rental investments. With a higher LTR Genie Score compared to the STR Genie Score, investors may find more stability and consistent returns in the long-term rental market. However, the slightly higher Net ROI for short-term rentals suggests that there is potential for higher profits in this segment as well. Ultimately, investors should consider their risk tolerance, investment goals, and market conditions before deciding on the best strategy for their real estate investments in Concord, NC.
LTR Genie Score 93
$190,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,890 sqft.🏠 SINGLE FAMILY
