The typical owner-occupied home in Concord is worth about $202,600, 33% below the Georgia median of $303,300 and 39% below the national median of $332,700. Owners pay a median $2,429 a year in property taxes, about 1.20% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $77,679 a year, so the median home costs 2.6 times the median income (3.9 times for Georgia). 78% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Concord at a glance
| Concord | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $202,600 | $303,300 | $332,700 |
| Median property tax paid per year | $2,429 | $2,341 | $3,119 |
| Property tax as a share of value | 1.20% | 0.77% | 0.94% |
| Median household income | $77,679 | $77,353 | $80,734 |
| Homes lived in by their owners | 78% | 66% | 65% |
| Owner homes with a mortgage | 33% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,300 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 20.0% | 21.0% |
| Median rent | $1,425 | $1,393 | $1,413 |
| Rent as a share of renters' income | 20.8% | 31.3% | 30.6% |
| Median year homes were built | 1992 | 1992 | 1980 |
| Vacant homes | 18.7% | 10.3% | 10.1% |
| Population | 438 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Concord
At this week's average 30-year rate of 7.11%, buying the median Concord home of $202,600 with 20% down costs about $1,377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,715, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $59,029 for the 20%-down payment. That payment is 21% of the median Concord household income of $77,679; at that income and 20% down, the 28% guideline points to a home of about $267,000.
The median rent here is $1,425 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $40,520 |
|---|---|
| Loan amount | $162,080 |
| Principal and interest | $1,090 |
| Property taxes (1.20% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| PMI | $0 |
| Total per month | $1,377 |
Change the numbers in the calculator
| Down payment | $7,091 |
|---|---|
| Loan amount | $198,930 |
| Principal and interest | $1,338 |
| Property taxes (1.20% a year) | $203 |
| Homeowners insurance (our estimate, 0.5% a year) | $84 |
| FHA mortgage insurance | $90 |
| Total per month | $1,715 |
Change the numbers in the calculator
Questions about home buying in Concord
What is the median home value in Concord?
About $202,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Concord?
Homeowners pay a median $2,429 a year, which is about 1.20% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Concord?
For the median home with 20% down at 7.11%, the payment is about $1,377 a month. Keeping that under 28% of gross income takes about $59,029 a year.
More about Concord
- Mortgage Refinance in Concord
- Debt Relief in Concord
- Home Equity Loans in Concord
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data