Real Estate Investing in Concord, North Carolina (28027)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28027 (Concord, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Concord, NC (28027)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28027 Concord
In practical terms, ZIP 28027 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $416K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 28027 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 28027 and stronger Concord ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 28027 includes headwinds that any investor should price in. Income distribution skews lower than Concord averages, and tenant stability requires active management.
Distressed ZIPs reward experience. healthy returns are possible in 28027, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Concord:
Property Strategy for 28027
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $183,460 | $1,510 | 5.9% | +6.9% | $183,460 |
| 2BR | $243,600 | $1,660 | 4.9% | +8.5% | $121,800 |
| 3BR | $347,850 | $2,040 | 4.2% | +8.2% | $115,950 |
| 4BR | $491,578 | $2,600 | 3.8% | +8.3% | $122,894 |
| 5BR | $611,214 | — | — | +9.2% | $122,243 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28027 Compare?
| Metric | 28027 | Concord | North Carolina |
|---|---|---|---|
| Home Value | $416,035 | $381,048 | $330,565 |
| 5-Year CAGR | 4.9% | 5.0% | 7.8% |
| Avg Rent | $1,768 | $1,814 | - |
| Cap Rate | 3.3% | 3.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28027 (Concord, NC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 28027 (Concord, NC)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Cabarrus County
Manage rentals here? List your business →Realty Consultants Property Management is a full-service organization managing single-family, multi-family, apartment, commercial, and retail properties in the Carolinas. summary from their website
APM Rentals provides rental property services. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $416,035 |
| Monthly Rent | $1,768 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 Rent Trends
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28027
Population: 79,429
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28027
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,878 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Concord, NC?
The median home value in Concord, NC is roughly $416K. That puts it reasonable relative to the NC statewide average.
Can I live-in-and-rent in Concord, NC?
House hacking in Concord, NC is reasonable to execute. Prices around $416K and rents of $1,768/mo solid owner-occupant economics.
How strict are landlord regulations in Concord, NC?
NC law landlord-friendly for landlords, and Concord inherits those rules. Investors should still review local ordinances for rental licensing.
How much do tenants pay in Concord, NC?
Average rent in Concord, NC is approximately $1,768/mo per month. Against $416K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Concord, NC?
The tenant pool in Concord, NC is solid, supported by local employment and population fundamentals. Rents of $1,768/mo are well-absorbed by the market.
You know 28027 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28027 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 28027 ranks in Charlotte-Concord-Gastonia, NC-SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 28027 (Concord)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 28027 (Concord, NC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.