Fremont, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fremont, OH 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 16,297, 6,611 total housing units (homes and apartments), and a median house value of $106,731, 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 67.02% of the city's housing units. Other types of housing that are prevalent in Fremont include duplexes, homes converted to apartments or other small apartment buildings ( 16.00%), large apartment complexes or high rise apartments ( 12.00%), and a few mobile homes or trailers ( 2.92%).

The most prevalent building size and type in Fremont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.92% owning and 44.08% renting.

The housing in Fremont was primarily built before 1939 ( 47.23%), making the housing stock in Fremont some of the oldest overall in America, although there is a range of ages of homes in Fremont. The next most important housing age is between 1940-1969 ( 30.36%), followed by between 1970-1999 ( 16.96%). There's also some housing in Fremont built between 2000 and later ( 5.46%).

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 -0.92%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fremont's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Fremont's appreciation rate has been -0.60%, which annualizes to a rate of -2.39%.

Notably, Fremont's appreciation rate in the latest quarter is one of the lowest in America.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fremont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fremont - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fremont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$106,731

Fremont, OH HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.3
$544,001 - $816,000 0.4
$435,001 - $544,000 0.0
$327,001 - $435,000 1.4
$218,001 - $327,000 3.4
$109,001 - $218,000 35.4
$54,001 - $109,000 48.2
$0 - $54,000 10.8

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
73.2157506152584 73.6220472440945

Number Of Homes And Apartments:
6,611

Fremont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
2.24% 0.13% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 55.92
Renters 44.08
Vacant 8.19

Housing Market Details

 

Age of Homes

AGE OF Fremont HOMES
2000 or Newer 5.5
1970 - 1999 17.0
1940 - 1969 30.4
1939 or Older 47.2

Types of Homes

TYPE OF Fremont HOMES
Single-Family 67.0
Townhomes 2.1
Small Apt. Buildings 16.0
Apt. Complexes 12.0
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Fremont HOMES
No Bedroom 2.15
1 Bedroom 11.89
2 Bedrooms 29.90
3 Bedrooms 43.31
4 Bedrooms 11.05
5 or more bedrooms 1.69