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West Concord

Learn about the people, housing, costs and businesses in West Concord, Minnesota

Median Home$218,700
Median Rent$842/month
Population829
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining15% wholesale trade
Home Value Growth⬆⬆+13.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners86% of occupied units
West Concord
MN

Frequently Asked Questions

What are today's mortgage rates in West Concord?

As of today, the 30-year fixed mortgage rate for West Concord is approximately 6.982% (7.024% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in West Concord?

The median home value in West Concord is $219k. The median monthly rent is $842. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Concord?

Home values in West Concord have increased 13.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in West Concord?

Based on a typical all-in ownership cost of $1,133/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Concord is $80k/year.

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What industries drive the economy in West Concord?

The largest employment sectors in West Concord are public administration (23%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.