Compare Concord, NC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Concord.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Concord. Plus, shopping lenders is free and there is no obligation.
August 14, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Concord. Understand how much you need to earn to afford a home in Concord, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Concord fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Concord is right for you.
The median home value for Concord, NC (Cabarrus County) is $337,440
Based on current mortgage rates and a 10% down payment, you need to make $70,395 per year to buy the median priced home in Concord
With this income, you could qualify for a $303,696 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Concord is $1,630
The median household income for Concord, NC (Cabarrus County) is $80,835
Based on this income, you can afford a home valued at approximately $387,483
The home price you can afford to buy based on household income in Concord is 115% of the median home value which means housing prices are average. Concord (Cabarrus County) ranks 70 out of 100 counties in North Carolina and 2,590 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Concord, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Concord (Cabarrus County) below.
Conforming loan limits for Concord, NC
FHA loan limits for Concord, NC