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 about Scout's Real Estate Data
With 27,318 people, 10,751 houses or apartments, and a median cost of homes of $208,982, 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 70.70% of the city's housing units. Other types of housing that are prevalent in Fremont include large apartment complexes or high rise apartments ( 13.69%), row houses and other attached homes ( 7.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.49%).
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 58.42% owning and 41.58% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fremont's housing was primarily built during this period, from the '40s through the '60s. A full 40.12% of the city's housing hails from this era. Other housing ages represented in Fremont include homes built between 1970-1999 ( 28.57%) and housing constructed before 1939 ( 19.49%). There's also some housing in Fremont built between 2000 and later ( 11.82%).
Real estate appreciation rates in Fremont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.
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 3.75%, 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 -1.52%, which equates to an annual appreciation rate of -5.93%.
Notably, Fremont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Nebraska, our data show that Fremont's latest annual appreciation rate is lower than 60% of the other cities and towns in Nebraska.
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.
$208,982
for Nebraska
for nation
10,751
$1,325 / per month