Concord Home Prices: $736K, Down 3.4% — 4 ZIPs Analyzed (2026)
$735,542. That’s what a typical home costs in Concord right now, and it’s $25,549 less than buyers were paying a year ago. Prices have ticked down for most of the past twelve months, with the 3.4% annual drop putting Concord in line with the broader Bay Area cooldown.
Quick answer: The average home price in Concord, CA is $735,542 as of February 2026, down 3.4% year over year according to Zillow.
Current Home Prices in Concord
The numbers tell a clear story. Concord’s typical home is worth $735,542 as of February 2026. That’s the midpoint across four ZIP codes that span the city.
| Metric | Value |
|---|---|
| Median home value | $735,542 |
| Year-over-year change | -3.4% |
| Lowest ZIP value | $600,947 |
| Highest ZIP value | $849,088 |
| ZIPs analyzed | 4 |
| Data month | February 2026 |
The $248,141 gap between the cheapest and priciest ZIP shows how much variation exists within a single city of about 124,000 people. A buyer hunting in 94520 sits roughly $134K below the citywide median. A buyer looking at 94518 pays roughly $114K above it.
The 3.4% annual decline matters when you put it in dollars. A year ago, the typical Concord home traded near $761,000. Today it’s $735,542. That’s about $25,500 of equity that homeowners on paper no longer have, and about $25,500 less that a buyer needs to finance.
For perspective, Concord sits inside the San Francisco-Oakland-Berkeley metro. The drop here is steeper than what most Sun Belt metros are showing, but milder than the corrections seen in some other Bay Area submarkets. You’re looking at a market in slow retreat, not freefall.
Concord Home Prices by Neighborhood
Four ZIPs make up Concord’s housing data. Here’s how each compares.
| ZIP Code | Home Value | Avg Rent |
|---|---|---|
| 94518 | $849,088 | $2,489 |
| 94521 | $781,676 | $2,859 |
| 94519 | $710,458 | $3,185 |
| 94520 | $600,947 | $2,251 |
Most Expensive
94518 tops the list at $849,088, sitting about $113,500 above the city median. Despite the high home values, rents here ($2,489) are middle-of-the-pack, suggesting buyer demand is pricing in factors beyond pure rental yield.
94521 comes in at $781,676 and pulls the highest rent-to-price ratio of the expensive ZIPs, with average rents of $2,859. That’s about $46,000 above the citywide median home value.
Most Affordable
94520 is the cheapest entry at $600,947 — roughly 18% below the city median. Rents here ($2,251) are also the lowest in Concord, so the affordability is consistent on both sides of the rent-vs-buy equation.
94519 sits at $710,458, just under the citywide median. Curiously, it commands the highest rents in Concord at $3,185, which makes it the standout ZIP for landlords on a yield basis.
Rent vs Buy in Concord
Rents in Concord range from $2,251 to $3,185, with the citywide picture clustering near $2,700.
| ZIP Code | Monthly Rent | Annual Rent |
|---|---|---|
| 94519 | $3,185 | $38,223 |
| 94521 | $2,859 | $34,307 |
| 94518 | $2,489 | $29,874 |
| 94520 | $2,251 | $27,015 |
Now run the math on buying. A 20% down payment on the $735,542 median home means $147,108 cash up front and a $588,434 loan. At a 7% 30-year fixed rate, the principal-and-interest payment alone is roughly $3,915 per month — before property taxes, insurance, or HOA dues. California property taxes typically add about $765 per month on a home at this price, pushing the all-in monthly cost north of $4,800.
That’s at least $1,600 more per month than the highest rent in the city, and more than double the rent in 94520. The gap shrinks if you put more money down or if rates fall. It widens if you account for maintenance and forgone investment returns on the down payment.
The math currently favors renting on a cash-flow basis. Buying makes more sense if you expect prices to rebound or you’re planning to stay put long enough for amortization and appreciation to do the work.
Population Growth and Migration
Concord is shrinking. The city had 125,284 residents in 2020 and 124,016 in 2024 — a loss of 1,268 people, or 1.0% over four years.
| Year | Population |
|---|---|
| 2020 | 125,284 |
| 2021 | 124,353 |
| 2022 | 123,440 |
| 2023 | 123,189 |
| 2024 | 124,016 |
The trend bottomed in 2023 and ticked up modestly in 2024, but the city remains below its 2020 baseline. That’s an outlier compared to the rest of California’s larger cities.
| City | 2024 Population | 4-Year Growth |
|---|---|---|
| Bakersfield | 417,468 | +3.0% |
| Sacramento | 535,798 | +1.9% |
| San Diego | 1,404,452 | +1.4% |
| Fresno | 550,105 | +1.4% |
| Oakland | 443,554 | +0.6% |
| Concord | 124,016 | -1.0% |
Every nearby California city listed is gaining people. Concord is the only one losing them. That matters for housing demand. Stagnant or declining population puts a soft ceiling on home price appreciation because there’s less organic pressure on supply. The 3.4% YoY price drop fits that picture.
Concord Housing Market Trends
Concord home values have moved in one direction for most of the past year: down.
| Month | Median Value | Min ZIP | Max ZIP |
|---|---|---|---|
| Feb 2026 | $735,542 | $600,947 | $849,088 |
| Jan 2026 | $735,390 | $600,093 | $849,186 |
| Dec 2025 | $735,057 | $599,478 | $848,553 |
| Nov 2025 | $733,379 | $598,040 | $847,271 |
| Oct 2025 | $733,277 | $598,694 | $847,318 |
| Sep 2025 | $733,915 | $600,883 | $847,889 |
| Aug 2025 | $735,935 | $604,914 | $848,668 |
| Jul 2025 | $739,551 | $609,806 | $851,268 |
| Jun 2025 | $744,494 | $615,133 | $855,797 |
| May 2025 | $750,316 | $620,915 | $861,412 |
| Apr 2025 | $755,737 | $626,898 | $866,114 |
| Mar 2025 | $761,091 | $632,945 | $871,153 |
The peak hit in March 2025 at $761,091. From there, values fell every month through October 2025, bottoming near $733,277. Since November, prices have stabilized in the $733K-$736K range — essentially flat for five months.
That’s a meaningful shift. The earlier part of the data shows a clear downtrend. The most recent five months suggest the bleeding has slowed, with values hovering within $2,500 of each other. Whether that’s a true bottom or a pause before another leg down depends on rates and inventory.
Is Concord a Good Place to Buy in 2026?
The data points to a buyer-friendly setup, with caveats.
Prices are 3.4% lower than a year ago. The most recent five months show stabilization rather than continued decline. Rents are well below mortgage costs at current rates, which means buyers aren’t being squeezed out of renting. Population is flat to slightly negative, so there’s no demographic pressure forcing bidding wars.
If you’re a long-term buyer with a stable job in the Bay Area and a 20%+ down payment, the current price point is roughly $25K cheaper than a year ago for the same house. That’s real money.
If you’re stretching to afford the monthly cost or might move within five years, the math is harder. Renting saves $1,500-$2,000 per month at typical Concord prices, and that gap takes years of appreciation to close. With population declining and prices flat-to-down, betting on near-term appreciation is a stretch.
Concord Housing Market Outlook for 2026-2027
The 12-month data shows a sharp drop followed by stabilization. From March 2025 to October 2025, prices fell 3.7%. From October 2025 to February 2026, they’ve moved less than half a percent.
If the current pace continues, prices over the next 3-6 months will likely stay in the $730K-$740K band. The momentum that drove the decline has faded, but there’s no visible catalyst in the data for a strong rebound either.
Two factors could change the picture. A meaningful drop in mortgage rates would pull buyers off the sidelines quickly. A reversal of the 4-year population decline would tighten the underlying supply-demand math. Neither shows up in the Zillow or Census data through February 2026.
For now, the data suggests a flat market — neither racing up nor breaking down further.
Similar Markets in CA
- Oakland — Concord’s closest large neighbor in the East Bay, with similar Bay Area pricing pressures.
- San Diego — A bigger, growing California market for buyers comparing coastal prices.
- Fresno — Concord buyers priced out of the Bay Area often look inland to markets like this one.
- Bakersfield — One of the fastest-growing California cities at 3.0% over four years, and far cheaper than Concord.
- Los Angeles — A useful benchmark for California buyers comparing major metros.
Frequently Asked Questions
What is the average home price in Concord?
The average home price in Concord, CA is $735,542 as of February 2026. That figure is the median across the four ZIP codes inside the city, ranging from $600,947 in 94520 to $849,088 in 94518.
Are home prices going up or down in Concord?
Prices are down 3.4% year over year. The peak was $761,091 in March 2025, and values have either declined or held flat in every month since, settling near $735,500 over the past five months.
Is it cheaper to rent or buy in Concord?
Renting is cheaper on a monthly cash-flow basis. Average rents run from $2,251 to $3,185, while the all-in cost of owning a median-priced home with 20% down at current rates exceeds $4,800 per month.
What is the most affordable neighborhood in Concord?
ZIP 94520 is the cheapest at $600,947, about 18% below the citywide median. Rents there are also the lowest in Concord at $2,251 per month.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.