Real Estate
Here's How Long It Took For Fremont Home Prices To Double
Homeowners can typically expect their home to double in value in 10 years. With Fremont's already high housing prices, how did you fare?
FREMONT, CA — If you are a homeowner in Fremont, the value of your investment has soared over recent years.
According to real estate search portal Point2, residential properties tend to double in value in about 10 years. Fremont's dynamic home market beat that — doubling in just over 7 years. "High-end Fremont...Cranked up by its proximity to Silicon Valley and the presence of big players like Tesla and Facebook, homes in Fremont went from $740k in late 2015 to double that ($1.5M) as of February this year. And reality is that overall desirability and high-paying jobs in these areas will only continue to drive up demand and prices."
Here in California, Irvine also doubled in price during the same time frame while Stockton doubled in 8 years, and Santa Ana and San Diego in less than 9 years.
See the full report from Point2.
If you are not a current homeowner, the deadline to receive up to $210,000 in shared appreciation loans from the AC Boost Down Payment Assistance Loan Program is May 15. Apply online.
First Responders and Educators have special assistance programs.
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