Mortgage Rates in Concord, North Carolina — March 2026
Updated March 2026 | Based on Concord market data and regional lending conditions
Concord is a growing city in North Carolina with a population of 105,240. The current 30-year fixed mortgage rate in Concord is 6.69%, which is 0.04% above the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,779.
Current Mortgage Rates in Concord, NC
Below are the current average mortgage rates available in the Concord area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.29% | 6.25% | +0.04% |
| VA | 6.09% | 6.05% | +0.04% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Concord Housing Market Overview
The Concord housing market reflects moderate demand with prices near the national average. The median household income in Concord is $62,250, and the cost of living index is 92.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $85,843 to comfortably afford the median-priced home in Concord, which exceeds the current median household income.
Monthly Payment Breakdown for Concord
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Concord:
15-Year vs. 30-Year Mortgage in Concord
Choosing a 15-year mortgage in Concord at 5.93% instead of a 30-year at 6.69% would save you $223,020 in total interest over the life of the loan. However, your monthly payment would be $2,319 instead of $1,779 — an increase of $540 per month.
Calculate Your Concord Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Concord
What are the current mortgage rates in Concord, NC?
As of March 2026, the average 30-year fixed mortgage rate in Concord, North Carolina is 6.69%, while the 15-year fixed rate is 5.93%. FHA loans average 6.29% and VA loans 6.09%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Concord?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Concord is $1,779 for principal and interest. Including property taxes of $224/month, the total monthly housing cost is approximately $2,003.
What income do I need to buy a home in Concord?
Using the 28% rule, you would need an annual income of approximately $85,843 to afford the median-priced home in Concord at $345,000. The median household income in Concord is $62,250. This means most households would need to either earn above the median or consider homes below $345,000.
Is Concord a good place to buy a home in 2026?
Concord offers a below-average cost of living with a cost of living index of 92.5 (national average = 100). The property tax rate in North Carolina is 0.78%, which is below the national average. Concord has a population of 105,240 and offers a very affordable lifestyle.
Mortgage Rates in Other North Carolina Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Concord, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.