Side-by-side comparison of Concord, NC and Cary, NC — cap rates, rent, prices, and investment metrics.
Cash flow: Concord has the edge with an estimated cap rate of 3.51% compared to Cary's 3.05%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $340,000 in Concord vs $480,000 in Cary, while rents come in at $1,520/mo and $1,920/mo respectively.
Growth & appreciation: Cary is growing faster at 2.4% annually vs Concord's 2%. Concord leads on home value appreciation at 3.6% per year. Strong population growth typically translates to sustained rental demand and long-term price support.
Costs & risk: Property taxes are 0.8% in Concord vs 0.77% in Cary. Vacancy rates of 4.8% and 3.8% are both healthy, suggesting strong tenant demand in both markets.
Bottom line: Concord edges out Cary on most key metrics. While cap rates are moderate at 3.51%, Concord's overall profile is stronger. Use our free calculators to model specific deals in Concord or Cary.