Fremont, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fremont, MI Real Estate Data


Fremont Housing Market Information

With 4,036 people, 1,652 houses or apartments, and a median cost of homes of $102,813, 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 62.38% of the city's housing units. Other types of housing that are prevalent in Fremont include large apartment complexes or high rise apartments ( 15.32%), mobile homes or trailers ( 12.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.15%).

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 74.06% of Fremont's homes, and 48.72% 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 ( 30.17%). A lesser amount of the housing stock also hails from before 1939 ( 18.19%). There's also some housing in Fremont built between 2000 and later ( 10.11%).

Vacant housing appears to be an issue in Fremont. Fully 13.91% of the housing stock is classified as vacant. Left unchecked, vacant Fremont homes and apartments can be a drag on the real estate market, holding Fremont real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -1.84%, which is lower than 80% of US communities.

Over the last year, Fremont appreciation rates have trailed the rest of the nation. In the last twelve months, Fremont's appreciation rate has been 4.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fremont were at 1.43%, which equates to an annual appreciation rate of 5.84%.

Relative to Michigan, our data show that Fremont's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$102,813

Fremont, MI HOME PRICES

Value Range
> $1,135,000 0.0
$851,001 - $1,135,000 0.6
$567,001 - $851,000 1.5
$454,001 - $567,000 0.4
$341,001 - $454,000 2.8
$226,001 - $341,000 5.5
$113,001 - $226,000 32.0
$57,001 - $113,000 34.7
$0 - $57,000 22.5

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
77.1154183990162 74.6794871794872

Number Of Homes And Apartments:
1,652

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 74.06
Renters 25.94
Vacant 13.91

Housing Market Details

 

Age of Homes

AGE OF Fremont HOMES
2000 or Newer 10.1
1970 - 1999 41.5
1940 - 1969 30.2
1939 or Older 18.2

Types of Homes

TYPE OF Fremont HOMES
Single-Family 62.4
Townhomes 3.9
Small Apt. Buildings 6.1
Apt. Complexes 15.3
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Fremont HOMES
No Bedroom 2.61
1 Bedroom 8.44
2 Bedrooms 35.02
3 Bedrooms 34.91
4 Bedrooms 13.81
5 or more bedrooms 5.21

Fremont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-1.11% -0.07% 3 1
* 10 is highest

Popular Neighborhoods in Fremont

Zip Codes in Fremont, MI