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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 4,080 people, 1,690 houses or apartments, and a median cost of homes of $159,665, 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 57.23% 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 ( 17.57%), large apartment complexes or high rise apartments ( 14.35%), and a few mobile homes or trailers ( 8.95%).

People in Fremont primarily live in small (one, two or no bedroom) single-family detached homes. Fremont has a mixture of owner-occupied and renter-occupied housing.

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 before 1939 ( 29.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.11%). There's also some housing in Fremont built between 2000 and later ( 9.11%).

Fremont Home Appreciation Rates

Appreciation rates for homes in Fremont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.83%, which ranks in the top 40% nationwide. This equates to an annual average Fremont house appreciation rate of 4.20%.

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 11.66%, which is higher than appreciation rates in 81.62% 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 3.21%, which equates to an annual appreciation rate of 13.48%.

Relative to Michigan, our data show that Fremont's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$159,665

Fremont, MI HOME PRICES

> $1,345,000
0.0%
0.0%
$1,009,001 - $1,345,000
0.2%
0.2%
$672,001 - $1,009,000
0.1%
0.1%
$538,001 - $672,000
0.1%
0.1%
$403,001 - $538,000
3.6%
3.6%
$269,001 - $403,000
11.4%
11.4%
$134,001 - $269,000
43.1%
43.1%
$67,001 - $134,000
30.5%
30.5%
$0 - $67,000
11.1%
11.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,690

Fremont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
37.16% 1.48%
5
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$950 / per month

Homeownership Rate

Owners
64.3%
64.3%
Renters
35.7%
35.7%
Vacant
7.8%
7.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.1%
9.1%
1970 - 1999
34.4%
34.4%
1940 - 1969
27.1%
27.1%
1939 or Older
29.4%
29.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.2%
57.2%
Townhomes
1.9%
1.9%
Small Apt. Buildings
17.6%
17.6%
Apt. Complexes
14.3%
14.3%
Mobile Homes
8.9%
8.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
16.4%
16.4%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
32.7%
32.7%
4 Bedrooms
12.2%
12.2%
5 or more bedrooms
7.7%
7.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Fremont

Zip Codes in Fremont, MI