Fremont, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fremont, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fremont Housing Market Information

With a population of 4,036, 1,674 total housing units (homes and apartments), and a median house value of $126,795, house prices in Fremont are solidly below the national average.

Single-family detached homes are the single most common housing type in Fremont, accounting for 65.51% of the city's housing units. Other types of housing that are prevalent in Fremont include large apartment complexes or high rise apartments ( 16.09%), mobile homes or trailers ( 11.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.90%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fremont. Owner-occupied housing accounts for 73.05% of Fremont's homes, and 54.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fremont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fremont built between 1940-1969 ( 33.77%). A lesser amount of the housing stock also hails from before 1939 ( 16.04%). There's also some housing in Fremont built between 2000 and later ( 10.38%).

Fremont Home Appreciation Rates

Fremont's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fremont during the period has been just -1.20%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fremont's appreciation rate, at 3.28%, has been at or slightly above the national average. In the latest quarter, Fremont's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Fremont's latest annual appreciation rate is lower than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$126,795

Fremont, MI HOME PRICES

Value Range
> $1,122,000 0.0
$842,001 - $1,122,000 0.6
$561,001 - $842,000 0.0
$449,001 - $561,000 0.5
$337,001 - $449,000 2.8
$224,001 - $337,000 7.3
$112,001 - $224,000 45.2
$56,001 - $112,000 33.3
$0 - $56,000 10.1

Average for MI
Low for Nation

Value Relative to Nation Value Relative to State
61.5199812492676 53.0448717948718

Number Of Homes And Apartments:
1,674

Fremont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.66% 0.10% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$737 / per month

Homeownership Rate

Homeownership
Owners 73.05
Renters 26.95
Vacant 8.07

Housing Market Details

 

Age of Homes

AGE OF Fremont HOMES
2000 or Newer 10.4
1970 - 1999 39.8
1940 - 1969 33.8
1939 or Older 16.0

Types of Homes

TYPE OF Fremont HOMES
Single-Family 65.5
Townhomes 3.3
Small Apt. Buildings 3.9
Apt. Complexes 16.1
Mobile Homes 11.2
Other 0.0

Home Size

SIZE OF Fremont HOMES
No Bedroom 1.10
1 Bedroom 9.88
2 Bedrooms 29.10
3 Bedrooms 39.65
4 Bedrooms 14.55
5 or more bedrooms 5.71

Popular Neighborhoods in Fremont

Zip Codes in Fremont, MI