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 a population of 15,825, 6,567 total housing units (homes and apartments), and a median house value of $159,738, house prices in Fremont are some of the most affordable in Ohio as well as the nation.
Single-family detached homes are the single most common housing type in Fremont, accounting for 63.76% of the city's housing units. Other types of housing that are prevalent in Fremont include large apartment complexes or high rise apartments ( 14.90%), duplexes, homes converted to apartments or other small apartment buildings ( 14.84%), and a few mobile homes or trailers ( 4.03%).
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 56.60% owning and 43.40% renting.
The housing in Fremont was primarily built before 1939 ( 38.82%), 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 ( 31.83%), followed by between 1970-1999 ( 25.00%). There's also some housing in Fremont built between 2000 and later ( 4.34%).
Vacant housing appears to be an issue in Fremont. Fully 13.58% 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'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 5.55%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Fremont's appreciation rate, at 6.75%, has been at or slightly above the national average. In the latest quarter, Fremont's appreciation rate has been 1.02%, which annualizes to a rate of 4.15%.
Relative to Ohio, our data show that Fremont's latest annual appreciation rate is lower than 50% 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.
$159,738
for Ohio
for nation
6,567
$1,190 / per month