The typical owner-occupied home in Concord is worth about $86,400, 64% below the Nebraska median of $238,600 and 74% below the national median of $332,700. Owners pay a median $1,309 a year in property taxes, about 1.52% of their home's value, close to the Nebraska rate of 1.49%. The median household earns $81,429 a year, so the median home costs 1.1 times the median income (3.1 times for Nebraska). 92% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Concord at a glance
| Concord | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $86,400 | $238,600 | $332,700 |
| Median property tax paid per year | $1,309 | $3,549 | $3,119 |
| Property tax as a share of value | 1.52% | 1.49% | 0.94% |
| Median household income | $81,429 | $76,475 | $80,734 |
| Homes lived in by their owners | 92% | 67% | 65% |
| Owner homes with a mortgage | 63% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,036 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 10.0% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1955 | 1975 | 1980 |
| Vacant homes | 20.8% | 7.6% | 10.1% |
| Population | 143 | 1,978,707 | 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 $86,400 with 20% down costs about $610 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $754, 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 $26,160 for the 20%-down payment. That payment is 9% of the median Concord household income of $81,429; at that income and 20% down, the 28% guideline points to a home of about $269,000.
| Down payment | $17,280 |
|---|---|
| Loan amount | $69,120 |
| Principal and interest | $465 |
| Property taxes (1.52% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $610 |
Change the numbers in the calculator
| Down payment | $3,024 |
|---|---|
| Loan amount | $84,835 |
| Principal and interest | $571 |
| Property taxes (1.52% a year) | $109 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $754 |
Change the numbers in the calculator
Questions about home buying in Concord
What is the median home value in Concord?
About $86,400 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 $1,309 a year, which is about 1.52% 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 $610 a month. Keeping that under 28% of gross income takes about $26,160 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