Home Insurance in Concord, North Carolina
With a median home value of $353,700, Concord is close to the Cabarrus County median.
The typical home in Concord was built around 1998. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 15% of homes were built before 1960, about 1 point below Cabarrus County's 16%.
Housing in Concord breaks down to 76% single-family homes, 17% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Concord, about 71% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Concord has an owner-occupancy rate of 65% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
Most homes in Concord - 52% - are primarily heated with electricity.
What's the biggest home insurance risk near Concord? FEMA's National Risk Index points to inland flooding (Relatively Moderate) in Cabarrus County and Cabarrus County had 456 active NFIP flood policies as of September 2026. See the full Cabarrus County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In North Carolina, the statewide average premium for a standard HO-3 homeowners policy is $1,852 per year (NAIC, 2023 data).
Key figures
| Median home value | $353,700 |
|---|---|
| Median year built | 1998 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Cabarrus County | 456 |
| Home insurance premium | $1,852 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)