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MarketsNebraskaFremontCost of Living & Affordability

Cost of Living & Affordability: Fremont, NE

Updated 2026 · Based on median market data for Fremont, NE

Cap Rate
2.86%
Median Price
$235K
Rent/Mo
$1,090
1% Rule
0.46%
Fails

Housing Affordability

Fremont's price-to-income ratio is 4.3x — homes cost 4.3 times the local median household income of $55,067. This is moderately affordable. A healthy portion of the workforce can still aspire to homeownership, but many find renting more practical — creating a solid tenant base of working professionals.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in Fremont (20% down at 7%) is approximately $1,563/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $1,959. The median rent of $1,090/mo is significantly less than buying — this rent-vs-buy gap is one of the strongest indicators of sustainable rental demand. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in Fremont is $55,067, with a population of 50,000 growing at 0.7% per year. Fremont is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions. Moderate population growth indicates a stable economic foundation.

What This Means for Investors

Fremont is affordable with moderate returns. Focus on volume — the low entry point lets you scale to multiple properties faster than in more expensive markets.

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How Fremont Compares

Fremont vs Nebraska state average and national average across key investment metrics. Fremont's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Fremont
Nebraska Avg
National Avg
Cap Rate
2.86%
3.33%
3.81%
Median Price
$235K
$250K
$333K
Median Rent
$1,090
$1,258
$1,524
Property Tax
1.62%
1.62%
1.08%
Vacancy
5.2%
5.2%
5.6%
Pop. Growth
0.7%/yr
0.7%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Fremont, NE
2.9%
$235K
$1,090
1.62%
Cedar Rapids, IA
3.1%
$235K
$1,120
1.48%
Ashland, OH
1.9%
$235K
$890
1.58%
Hays, KS
2.1%
$235K
$890
1.38%
Marquette, MI
4.9%
$235K
$1,500
1.46%

Frequently Asked Questions

Is Fremont affordable for renters?
Renters in Fremont spend approximately 24% of median household income on rent. This is within the standard 30% affordability threshold, suggesting renters have room in their budgets. The median household income is $55,067, below the level needed for comfortable renting.
What is the price-to-income ratio in Fremont?
Fremont's price-to-income ratio is 4.3x, meaning homes cost 4.3 times the local median income. This is moderate — some residents can buy, many choose to rent.
Is it cheaper to rent or buy in Fremont?
A mortgage payment (20% down, 7% rate) on the median $235K home is approximately $1,250/mo before taxes and insurance. Adding those costs brings it to roughly $1,646/mo. The median rent of $1,090/mo is less than the cost of buying — this gap supports continued rental demand.
How does Fremont's cost of living compare to the national average?
Home prices in Fremont ($235K) are 30% below the national average. Rents ($1,090/mo) are 28% below average. Property taxes (1.62%) are above the 1.08% national average.
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Explore Fremont & Related Markets

More Fremont Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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