Fremont, CA—94538
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fremont, CA
As of Oct '25, the median home price in Fremont, CA is $1,294,000, with a year-over-year change of -4.3%. This indicates that home prices in Fremont, CA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,294,000 | -4.3% |
| Single Family | $1,357,000 | -4.9% |
| Condos | $671,000 | -7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $444,000 | -12.6% |
2 Bed | $715,000 | -7.9% |
3 Bed | $1,283,000 | -4.9% |
4 Bed | $1,515,000 | -5.0% |
| 5 Bed | $1,661,000 | -5.2% |
% of Housing Stock
Rental Trends — Fremont, CA
As of July '25, Rentcast reports the average rent in Fremont, CA is $2,890, with a year-over-year rent change of -11.3%. Per bedroom, the median rent as of July '25 in Fremont, CA is studios: $2,620, 1-bedrooms: $2,280, 2-bedrooms: $2,790, 3-bedrooms: $3,990, 4-bedrooms: $4,310. The most common rental property sizes in Fremont, CA are 2-bedroom and 1-bedroom, accounting for 41.1% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,610 | $2,890 |
| Studio Rent | $2,690 | $2,620 |
| 1 Bed Rent | $2,280 | $2,280 |
| 2 Bed Rent | $2,720 | $2,790 |
| 3 Bed Rent | $3,790 | $3,990 |
| 4 Bed Rent | $4,200 | $4,310 |
% of Rental Stock
Property Listings — Fremont, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fremont, CA is 34. This is a increase of 21.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,220,000 | 3.0% |
Listing Count | 84 | 28.0% |
| Listings as % of Homes | 0.2% | 28.0% |
Days on Market | 34 | 21.0% |
Demographics — Fremont, CA
As of the latest ACS Survey released in 2023, Fremont, CA has a population of 67,700, which has remained stable by -0.6% over the past 5 years. Fremont, CA is a moderately popular place for families, as children make up 20.8% of the population. The area has a highly educated workforce, with 53.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 67,700 | -0.6% |
% Under 18 | 20.8% | 1.5% |
% Seniors | 11.2% | 9.8% |
% WFH | 26.9% | 320.3% |
% w/ College Degree | 53.4% | 12.2% |
As of the latest ACS Survey released in 2023, Fremont, CA is a predominantly asian area, with 56.3% of the population identifying as asian. The asian population has grown by 8.1% in the last 5 years. The second most common race or ethnicity in Fremont, CA is hispanic, making up 19.5% of the population. Foreign-born residents account for 50.5% of the population in Fremont, CA, and this percentage has increased by 2.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.4% | -17.2% |
% Black | 3.3% | -15.4% |
% Hispanic | 19.5% | 2.1% |
% Asian | 56.3% | 8.1% |
% Foreign Born | 50.5% | 2.0% |
Mortgage and Risk — Fremont, CA
According to HUD data as of 2023, there were 367 mortgage originations in Fremont, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Fremont, CA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 367 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Fremont, CA
As of 2024, the percent of homes in Fremont, CA under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fremont, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 707 |
Total Units Section 8 | 688 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 92.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $2,280 | $2,680 |
| 2 Bedroom | $540 | $2,720 | $3,260 |
| 3 Bedroom | $380 | $3,790 | $4,170 |
| 4 Bedroom | $760 | $4,200 | $4,960 |
Affordability — Fremont, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $1,294,000 |
| Median Household Income | $144,000 |