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Get a quick view of rental returns, appreciation trends, and local growth data to evaluate real estate market strength and investment potential.
Genie Score
Monthly Cash Flow
Annual Total Gain
Estimated Rent
$1,731
$2,246
Appreciation
Data-driven answers to common investor questions about this market.
7.96%
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Job Growth
0.01%
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Population
106,518
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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.