Rent to own Homes in Concord, NC
Concord is a city in the state of North Carolina, located in Cabarrus County. It can be found roughly 19 miles from Charlotte and holds a population of 81,981. The town is now the county seat of Cabarrus and was first established in 1796. The first people to settle in the area were comprised of Scots, Irishmen, and Germans.
Concord, NC is a great place for affordable rent-to-own homes! With a median household income of over $70,973 and a median rent of $1,011, the Concord, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Concord, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Concord, NC Property Resources
Rent to own Homes in Cities Near Concord, NC
- Alexis
- Belmont
- Charlotte
- China Grove
- Cleveland
- Concord
- Cornelius
- Cramerton
- Davidson
- Denver
- Enochville
- Fairview
- Faith
- Fort Mill
- Granite Quarry
- Harrisburg
- Hemby Bridge
- Huntersville
- Indian Trail
- Kannapolis
- Lake Norman of Catawba
- Lake Norman Of Iredell
- Lake Park
- Landis
- Locust
- Lowell
- Lowesville
- Marvin
- McAdenville
- Mc Adenville
- Midland
- Mint Hill
- Monroe
- Mooresville
- Mount Holly
- Mount Pleasant
- Mount Ulla
- Pineville
- Rockwell
- Salisbury
- Sherrills Ford
- Spencer Mountain
- Stallings
- Stanfield
- Stanley
- Statesville
- Terrell
- Troutman
- Unionville
- Westport
Neighborhoods in Concord, NC
Myers Park rent to own homes Christenbury Village rent to own homes Sykbrook Village rent to own homes Paddington Drive rent to own homes Hartsell School rent to own homes Real Street rent to own homes North Historic Concord rent to own homes Central Drive South rent to own homes Downtown Concord rent to own homes Barber Scotia College rent to own homesBuying a Home in Concord, NC
Concord, NC is seeing rapid growth and Concord, NC's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Concord, NC is part of Cabarrus county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cabarrus is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Concord, NC
Median Rent in Concord, NC
Top Reasons to Live in Concord NC
Housing Statistics If you're looking for a rent to own home, a place to rent or a place to buy, Concord probably has something for you. Per square foot, the average pricing within Concord is $83, which shows a total rise of 10.7% in comparison to last year. Homes in Concord currently have a median sales price of $159,000 - a figure based on 161 individual sales. Last year, the figure was 2.9% lower, or roughly $4,500 lower. Since last year, sales in the area have dropped by 48.2%. At the moment, there are 1,074 resale and new homes available, and 100 that are pre-foreclosure, in auction or bank-owned. The average listing house price in the area currently sits at $218,555 as of the week ending August 28, 2013. This represents a total rise of 29.23%. Renters comprise 29.23% of the area, while there is a 9.32% vacancy rate.
Local Events and Festivals The nearby Charlotte Motor Speedway holds a myriad of exciting racing events for residents to go and see, from NASCAR races to the Coca-Cola 600. In addition to these racing events, it also holds the occasional concert and other events. Here, visitors can take pleasure in learning some new tricks by attending the track's racing school. Also, the Viva Verde Earth Fest is a free music event for all residents and visitors. It is held annually in the North Cabarrus Park. As well as music, it is possible to find educational events, children's activities, arts and crafts, and nature walks there.
Nightlife There is a lot of fun to be had during the night hours, as well as a range of delicious restaurants in the area to sample. Recommended is the Onemor Restaurant Bar & Grill at 846 Union Street -- it's a great place for food and drink all night. Another great choice is Joe's Sports Bar at 360 Exchange Street. Here, visitors will find great club sandwiches, chicken wings and cool beer.
Neighborhood Guide There is good quality of life within the neighborhoods of Concord, aided by the "Partnership for Stronger Neighborhoods," which was established by the city council in 2000. There is effective communication between Concord citizens and the city government, as staff members of the program have volunteered to work within the neighborhoods and engage with the citizens of each area within the town. There are now a total of 45 neighborhoods in this program, making the town a very desirable place to live. The neighborhoods of Concord enjoy three recreational centers, four sports complexes, an aquatics center, a lake, a swimming pool and eight parks.