Special Report

Home Values are Surging in Fremont, California

In the early months of the COVID-19 pandemic, U.S. home sales slumped. Since then, however, the market has come roaring back — and rising demand, in conjunction with a relatively low supply of housing, has caused home values to surge.

According to estimates from Zillow, a Seattle-based real estate data company, between May 2020 and May 2021, the typical single-family American home appreciated in value from $253,773 to $287,148, a 13.2% increase. Of course, housing markets also respond more to local forces, and not all parts of the country followed the national pattern.

In Fremont, a city of about 235,700 residents in California’s San Francisco-Oakland-Hayward metro area, home values are rising even faster than they are nationwide. The typical single family home in Fremont was worth $1,305,259 as of May 2021, 17.4% more than what it was worth one year ago.

One factor that can contribute to rapidly climbing home prices at a local level is demand. And demand for housing is often precipitated by a growing population. According to the most recent available Census data, over the last one-year period, Fremont’s population increased by 1.1%.

Nationwide, the typical home value is about 4.6 times higher than the median household income of $62,843. In Fremont, housing is generally less affordable. The typical single-family home value is about 9.8 times higher than the local median household income of $133,354.

Here are the 120 communities with populations of at least 25,000 in California where home values climbed the most in the last year.

This is How Much Home You Can Buy For 200K in Every State

Rank in state Place 1-yr. increase in typical home value Current typical home value ($) 1-yr. change in median income Current median household income ($)
1 Twentynine Palms 29.0% 204,267 6.1% 44,226
2 Calexico 28.0% 303,053 6.5% 43,592
3 El Centro 25.4% 291,504 3.0% 47,864
4 El Dorado Hills 25.4% 812,409 4.7% 137,726
5 El Cerrito 24.4% 1,063,562 7.8% 108,298
6 La Mesa 23.4% 738,942 3.3% 66,051
7 Spring Valley 23.3% 630,825 4.9% 72,178
8 Lemon Grove 23.1% 621,034 2.5% 63,548
9 Santa Paula 22.9% 578,464 6.3% 60,468
10 Santee 22.5% 667,138 4.3% 87,098
11 Chula Vista 22.3% 689,597 6.4% 81,272
12 National City 22.3% 561,257 2.4% 47,119
13 Atwater 22.3% 340,617 6.0% 55,674
14 Castro Valley 21.9% 1,071,513 6.6% 108,488
15 Union City 21.8% 1,107,062 8.8% 114,681
16 San Pablo 21.8% 555,829 8.1% 53,198
17 Lake Elsinore 21.3% 475,376 5.6% 71,476
18 Livermore 21.1% 972,467 9.0% 127,452
19 Tracy 21.0% 652,884 4.1% 92,046
20 Wildomar 20.9% 527,737 2.3% 74,991
21 Victorville 20.9% 336,558 6.4% 53,957
22 Merced 20.8% 315,850 6.1% 45,232
23 El Cajon 20.8% 668,081 5.2% 55,309
24 Brawley 20.7% 275,712 -0.8% 42,326
25 Vista 20.7% 688,514 9.8% 72,125
26 Pleasant Hill 20.7% 899,171 8.0% 118,947
27 Hesperia 20.6% 357,762 0.3% 53,561
28 Poway 20.6% 927,791 2.1% 107,902
29 San Jacinto 20.5% 375,401 3.0% 52,009
30 Pleasanton 20.4% 1,371,935 5.1% 156,400
31 Murrieta 20.3% 557,883 6.7% 90,535
32 Stockton 20.3% 384,030 6.4% 54,614
33 Palm Springs 20.3% 521,370 6.1% 53,441
34 Cathedral City 20.2% 406,102 0.3% 46,521
35 Escondido 20.1% 677,484 2.8% 64,038
36 San Bernardino 20.0% 386,222 6.3% 45,834
37 San Ramon 20.0% 1,521,565 6.5% 160,783
38 Adelanto 19.9% 291,397 13.4% 45,380
39 Manteca 19.9% 519,779 5.2% 72,867
40 San Marcos 19.8% 746,536 2.8% 78,797
41 Temecula 19.8% 605,846 5.7% 96,183
42 Apple Valley 19.8% 337,706 2.8% 54,527
43 Desert Hot Springs 19.7% 289,463 -5.1% 33,046
44 Menifee 19.7% 459,097 6.8% 70,224
45 Hemet 19.6% 347,388 1.4% 39,726
46 Santa Cruz 19.6% 1,178,861 11.2% 77,921
47 San Leandro 19.5% 836,145 10.3% 78,003
48 Carlsbad 19.5% 1,112,342 3.1% 110,478
49 Oakley 19.5% 702,439 11.8% 104,893
50 Brentwood 19.5% 810,123 5.0% 108,994
51 Florin 19.3% 357,769 4.2% 44,618
52 Danville 19.3% 2,073,502 5.3% 160,808
53 Oceanside 19.2% 683,347 5.9% 72,697
54 Richmond 19.2% 708,625 6.0% 68,472
55 Walnut Creek 19.2% 985,293 9.4% 105,948
56 Fallbrook 19.1% 717,668 5.0% 63,244
57 Montclair 19.1% 550,734 6.9% 62,024
58 La Quinta 19.1% 567,015 -2.6% 77,839
59 Beaumont 19.1% 430,729 7.7% 84,105
60 San Lorenzo 19.0% 822,000 2.9% 97,286
61 Newark 19.0% 1,093,254 8.0% 116,856
62 Altadena 18.9% 1,100,791 4.4% 98,693
63 Rialto 18.9% 464,559 6.0% 61,518
64 Dublin 18.9% 1,138,617 4.0% 150,299
65 Lafayette 18.9% 1,679,185 13.6% 178,889
66 Corona 18.9% 615,438 5.9% 83,752
67 Moreno Valley 18.8% 430,701 4.0% 66,134
68 San Diego 18.8% 808,648 5.6% 79,673
69 Riverside 18.8% 516,983 5.7% 69,045
70 Hayward 18.7% 817,772 8.3% 86,744
71 Martinez 18.7% 719,007 4.2% 107,328
72 Colton 18.7% 388,779 7.5% 53,838
73 Perris 18.7% 415,290 7.9% 63,829
74 Lancaster 18.6% 375,523 5.2% 55,237
75 Eastvale 18.6% 726,877 4.4% 119,213
76 Carmichael 18.5% 522,073 3.1% 64,710
77 Highland 18.4% 435,108 9.2% 64,868
78 Elk Grove 18.2% 558,653 3.3% 93,780
79 Sacramento 18.1% 432,001 6.6% 62,335
80 Fontana 18.1% 506,910 3.0% 72,918
81 Ontario 18.0% 544,176 5.6% 65,046
82 Lodi 17.9% 449,146 8.1% 58,763
83 Fair Oaks 17.9% 564,554 4.0% 84,717
84 Banning 17.8% 318,881 3.0% 42,274
85 Encinitas 17.7% 1,450,286 2.5% 116,022
86 Citrus Heights 17.5% 430,517 5.5% 62,276
87 Norco 17.5% 691,563 7.7% 102,817
88 Galt 17.4% 483,587 2.8% 75,638
89 Fremont 17.4% 1,305,259 4.7% 133,354
90 Chino 17.4% 615,319 2.8% 81,711
91 Palmdale 17.4% 405,154 4.0% 62,865
92 Redding 17.3% 348,859 7.3% 54,278
93 Los Banos 17.2% 388,044 16.6% 62,874
94 Inglewood 17.2% 714,865 8.1% 54,400
95 Antioch 17.1% 606,294 7.3% 76,601
96 Pittsburg 17.1% 688,414 5.2% 74,459
97 Sanger 17.1% 323,384 8.7% 48,929
98 Orangevale 17.1% 498,430 2.9% 81,801
99 Ventura 17.0% 729,849 3.7% 78,882
100 Imperial Beach 17.0% 744,853 3.6% 53,690
101 Redlands 17.0% 527,591 3.2% 74,839
102 Ridgecrest 16.9% 236,213 6.9% 69,577
103 Palm Desert 16.9% 441,054 4.2% 59,977
104 Fresno 16.8% 309,220 6.9% 50,432
105 Upland 16.8% 683,448 6.2% 72,782
106 Rancho Cordova 16.8% 462,867 3.3% 65,307
107 Oakland 16.8% 914,538 7.7% 73,692
108 Rancho Cucamonga 16.7% 651,061 5.3% 90,953
109 Soledad 16.7% 506,288 6.4% 64,472
110 Visalia 16.5% 304,431 5.9% 62,263
111 Hercules 16.4% 893,227 5.9% 117,018
112 Yucaipa 16.4% 467,339 8.6% 69,104
113 Indio 16.3% 392,031 5.6% 53,669
114 Modesto 16.3% 384,798 3.6% 59,287
115 Isla Vista 16.3% 1,160,462 6.8% 24,545
116 Hollister 16.2% 744,697 2.6% 80,629
117 Arden-Arcade 16.2% 466,808 3.1% 50,501
118 Lompoc 16.2% 445,710 4.4% 54,855
119 La Habra 16.0% 726,878 3.8% 79,325
120 Clovis 16.0% 422,898 8.3% 77,904

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