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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fremont HOMES|
|2000 or Newer||5.5|
|1970 - 1999||17.0|
|1940 - 1969||30.4|
|1939 or Older||47.2|
|TYPE OF Fremont HOMES|
|Small Apt. Buildings||16.0|
|SIZE OF Fremont HOMES|
|5 or more bedrooms||1.69|