Quick facts: Fremont, CA

Quick Facts

152.3
Cost of Living
above US average
223,871
Population
22.07
Crime Rate per 1000
below US average
$169,023
Median Income
above US average
$1,198,000
Median House Price
above US average
$2919.18
Average Rent
above US average
8%
Poverty Rate
below US average
4.4%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $169,023.

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Income Needed to Buy

βœ— Stretch
$376k/year
Based on $1,198,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $376k vs median $169,023
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Income Needed to Rent

βœ“ Affordable
$125k/year
Based on $2919.18/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($169,023) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fremont, CA

Fremont, located in Alameda County, California, is a vibrant city situated in the San Francisco Bay Area. With a rich history stemming from its establishment in the 1950s, Fremont seamlessly blends suburban living with urban amenities. The city is known for its diverse community, with a mix of cultures and languages reflected in its neighborhoods, local cuisine, and cultural events. Fremont is home to several parks and recreational areas, including the expansive Coyote Hills Regional Park, which offers scenic views, hiking trails, and wildlife observation opportunities. The city also boasts a strong educational system and is near prominent institutions like Stanford University and UC Berkeley. Economically, Fremont is a hub for technology and manufacturing, hosting major companies such as Tesla Motors, which has its factory located here, attracting talent and innovation. The city provides convenient transportation options, including access to BART, making it an attractive location for commuters heading to San Francisco and Silicon Valley. Fremont's combination of community spirit, rich cultural diversity, and economic opportunities make it a desirable place to live and work in the Bay Area.

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