CALCMONEY // HOME AFFORDABILITY // CA // FREMONT
How much house can you afford in Fremont? Based on local median home prices, current CA mortgage rates, and Fremont property tax data.
$1,200,000
$7,520/mo
$322,307/yr
$366,267
Monthly housing costs of $7,520 represent 66.8% of Fremont's median gross monthly income ($11,250/mo). At 66.8%, median-income buyers in Fremont are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,200,000 |
| Down Payment (20%) | $240,000 |
| Loan Amount | $960,000 |
| Monthly PI Payment | $6,290 |
| Monthly Property Tax | $730 |
| Monthly Insurance Est. | $500 |
| Total Monthly PITI | $7,520 |
| Housing Cost % of Income | 66.8% |
| Required Income (28% rule) | $322,307/yr |
| Max Affordable Home | $366,267 |
$42,000
$9,638/mo
Fremont Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,200,000 | Fremont city median |
| Down Payment (20%) | $240,000 | Conventional loan |
| Monthly PITI | $7,520 | 6.85% rate, 30yr fixed |
| Required Income (28% rule) | $322,307 | Annual gross |
| Max Affordable Home | $366,267 | Based on median income |
| FHA Down (3.5%) | $42,000 | Minimum FHA |
| Housing Cost % of Income | 66.8% | Median income: $135,000/yr |
| Property Tax Rate | 0.73% | $8,760/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Fremont is $1,200,000, with a local 30-year mortgage rate of 6.85%. A buyer putting 20% down carries a loan of $960,000, generating a monthly P&I payment of $6,290. Adding property taxes ($730/mo) and homeowners insurance ($500/mo) brings total monthly PITI to $7,520.
Fremont's property tax rate of 0.73% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Fremont median home, that is $730/month, or $8,760 per year.
California levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Fremont should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Fremont's median income of $135,000/year can afford up to $3,150/month in total housing costs. Based on Fremont's mortgage rate of 6.85% and property tax rate of 0.73%, that translates to a maximum affordable home price of approximately $366,267 with 20% down on a 30-year loan.
To afford the median Fremont home priced at $1,200,000, you need an annual gross income of approximately $322,307. Total monthly housing costs (principal and interest of $6,290, property taxes of $730, and insurance of $500) come to $7,520/month, which equals 28% of the required income.
At the median home price of $1,200,000 and median household income of $135,000, the total monthly housing cost of $7,520 represents 66.8% of gross monthly income. This is well above the standard 28% threshold, making Fremont a challenging market for buyers at median income.
A conventional 20% down payment on the median Fremont home of $1,200,000 is $240,000. An FHA loan requires just 3.5% down — $42,000 — but adds mortgage insurance of roughly $820/month, bringing total FHA payments to $9,638/month.
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