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Fremont Introduction
Located in Alameda County, Fremont is a city of over 210,000 people according to 2005 US Census estimates. This is up less than 10,000 people from the 2000 census. Fremont is the fourth largest city in the San Francisco Bay area. It is located in the southeastern Bay area, approximately forty-five minutes southeast of San Francisco, and 30 minutes southeast of Oakland.
Fremont Neighborhoods
Fremont is a past winner of the National Civic League's "All-America City" award. Five independent towns were combined to form Fremont, and they now represent the districts of Fremont. These former towns and now districts include:
These five districts are further subdivided into 28 neighborhoods, including: 28 Palms, Ardenwood, Baylands, Blacow, Brookvale, Cabrillo, Cameron Hills, Canyon Heights/Vallejo, Mills/Niles Crest, Centerville, Central Downtown, Cherry/Guardino, East Industrial, Glenmoor, Grimmer, Irvington, Kimber/Gomes, Lakes and Birds, Mission Hills, Mission San Jose, Mission Valley, Niles, Northgate, Parkmont, South Sundale, Sundale, Vineyards/Avalon, Warm Springs, and Weibel.
Fremont Real Estate
2005 US Census estimates indicate that there are over 70,000 housing unites in Fremont. 67.1% of these are owner occupied, which is slightly above the national average (66.9%).
Over half (62.5%) of Fremont's housing was built prior to 1980, but a very small percentage (1.5%) was built prior to 1940. Fremont homes most commonly have 4 to 7 rooms with 2 to 3 bedrooms. 11.5% have more rooms, and over a quarter (27.9%) have 4 or more bedrooms.
70.3% of Fremont homes are heated by utility gas, with most of the remainder being heated by electricity.
As of 2005, the median value of a Fremont home was $635,300, well over three times the national average. The price in 2005 also represents substantial appreciation from 2000 when the median price of a Fremont home was 363,400, still over three times the national average at that time.
The median owner costs for a Fremont home in 2005 were $2,381 per month. 82% of the owner occupied homes in Fremont had a mortgage in 2005. In addition, 29.6% also had a second mortgage and/or a home equity line of credit.
Fremont Property Taxes
Alameda County is responsible for property taxes and property assessment in Fremont, California. The Assessor's Office establishes property values for property taxation, and the Treasurer-Tax Collector collects the property taxes. In 2005, the median property tax bill for an owner occupied home in Fremont was $3,853.
Fremont Schools
The Fremont Unified School District handles education for Fremont's school-age children. It has 5 comprehensive high schools, a continuation high school, 5 junior high schools (middle schools), and 29 elementary schools. Since 2000, 13 of Fremont Unified's schools (8 elementary, 2 middle, and 3 high schools) have received "Distinguished School Awards" from the California School Recognition Program. The Fremont Unified School District also has received twenty-four "High Performing" Schools.
Colleges and universities located in Fremont include: DeVry University, Northwestern Polytechnic University, Ohlone College, and an extension campus of The University of California at Berkeley.
Fremont Economy
Fremont is home to over 1,200 technology, and biotechnology companies. The largest sectors of Fremont's economy include: manufacturing; educational, health, and social sciences; retail trade; information; wholesale trade; transportation, warehousing, and utilities; and construction. Some of the top Fremont based companies include: Amax Engineering Corp., ASI Corp., Asyst Technologies Inc., Flash Electronics, Lam Research Corp., Lexar Media Inc., PDP Systems Inc., Synnex Corp., and Wintec Industries Inc.
As of 2005, the median family income in Fremont was $94,067, well above the national average at that time ($55,832).
Fremont and California Mortgage and/or Real Estate Organizations
| Category | Value |
|---|---|
| Homes With No Mortgage | 14% |
| With A Mortgage | 86% |
| First Mortgage Only | 65% |
| Second Mortgage or Home Equity Loan | 21% |
| Second Mortgage Only | 11% |
| Home Equity Loan Only | 10% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 22.5% |
| Median Real Estate Taxes (2000) | $2,412 |
| Category | Value |
|---|---|
| Total Occupied | 68,237 |
| 1-Person Households | 17% |
| 2-Person Households | 30% |
| 3-Person Households | 20% |
| 4-Person Households | 19% |
| 5-Person Households | 8% |
| 6-Person Households | 4% |
| 7+-Person Households | 2% |
| Category | Value |
|---|---|
| Median Year Built | 1975 |
| Median Year Built (Owner Occupied) | 1974 |
| Median Year Built (Renter Occupied) | 1977 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 84% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 15% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 1% |
| 1 Bedroom | 3% |
| 2 Bedrooms | 14% |
| 3 Bedrooms | 42% |
| 4 Bedrooms | 33% |
| 5+ Bedrooms | 6% |
Rate quotes from multiple lenders for the Fremont area:
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