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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fremont, MI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fremont, MI Housing Market Trends

With a population of 4,584, 1,783 total housing units (homes and apartments), and a median house value of $244,828, Fremont real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fremont, accounting for 56.65% 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 ( 16.53%), large apartment complexes or high rise apartments ( 13.14%), and a few mobile homes or trailers ( 11.20%).

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 68.10% of Fremont's homes, and 51.52% have either three or four bedrooms, which is average sized relative to America.

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 38.48% of the city's housing hails from this era. Other housing ages represented in Fremont include homes built between 1970-1999 ( 34.00%) and housing constructed before 1939 ( 20.41%). There's also some housing in Fremont built between 2000 and later ( 7.12%).

Vacant housing appears to be an issue in Fremont. Fully 11.25% 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

In the last 10 years, Fremont has experienced some of the highest home appreciation rates of any community in the nation. Fremont real estate appreciated 128.51% over the last ten years, which is an average annual home appreciation rate of 8.62%, putting Fremont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fremont definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fremont that despite a nationwide downturn in the housing market, Fremont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fremont appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 85.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fremont. Fremont appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.

Importantly, this makes Fremont one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$244,828

Fremont, MI Home Prices
> $1,401,000
$1,051,001 - $1,401,000
$701,001 - $1,051,000
$560,001 - $701,000
$420,001 - $560,000
$280,001 - $420,000
$140,001 - $280,000
$70,001 - $140,000
$0 - $70,000
0.0%
0.0%
0.0%
0.0%
3.9%
3.9%
0.7%
0.7%
8.1%
8.1%
29.6%
29.6%
38.5%
38.5%
10.6%
10.6%
8.6%
8.6%
0% 100.0%
% of Homes
Average

for Michigan

Average

for nation

Number of Homes And Apartments:

1,783

Fremont Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,358 / per month

Homeownership Rate

Owners
Renters
68.1%
68.1%
31.9%
31.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.2%
11.2%
88.8%
88.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.1%
7.1%
34.0%
34.0%
38.5%
38.5%
20.4%
20.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.6%
56.6%
2.5%
2.5%
16.5%
16.5%
13.1%
13.1%
11.2%
11.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
12.0%
12.0%
29.9%
29.9%
35.4%
35.4%
16.1%
16.1%
4.0%
4.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Fremont

Zip Codes in Fremont, MI