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    AI-Generated Neighborhood Summary

    34420 Fremont Blvd is located in Fremont, CA, specifically in the 94555 zip code, in the North Fremont area. This area is known for its suburban feel with a mix of residential and commercial spaces. Fremont is a city with a diverse population and is part of the San Francisco Bay Area.

    In terms of crime rate, Fremont is generally considered a safe city with crime rates lower than the national average. The city falls under the Fremont Unified School District, which is well-regarded and features several highly-rated schools such as American High School and Thornton Junior High. Nearby amenities include the Ardenwood Historic Farm, several parks like Northgate Park, and major grocery stores like Safeway and Costco. The neighborhood is also near Coyote Hills Regional Park, offering hiking trails and natural attractions. Tourist attractions in the wider area include the Niles Essanay Silent Film Museum and Mission San José.

    The average household income in the Fremont area is relatively high, reflecting the cost of living and the affluent nature of the community. Neighboring areas like Newark and Union City also have similar income levels, though specific figures may vary slightly. Fremont is part of the Silicon Valley economic region, which has experienced consistent job growth, particularly in technology and related industries. The city center is not far from this property, providing easy access to various city amenities and services.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in an area marked by its vibrancy and diversity, this neighborhood offers a unique blend of affluence and accessibility, attracting a mix of homeowners and renters. With a median home price of $1,056,900, it stands above the national average, indicating a competitive real estate market likely driven by its desirable location and amenities. The median household income of $144,850 also surpasses the national median, reflecting a prosperous community with considerable purchasing power. Notably, the percentage of households living under poverty is just 3%, significantly lower than the national average, pointing to economic stability and a high standard of living among residents.

    The neighborhood boasts a balanced mix of ownership, with 56% of homes owner-occupied and 43% rented, closely aligned with national averages. This balance suggests a healthy real estate market that caters to both buyers and renters. The vacancy rate is a mere 1%, indicating a high demand for housing and a dynamic market with limited availability. With an unemployment rate of 3%, this area enjoys robust employment opportunities, further enhancing its attractiveness to potential residents. However, only 29% of the adult population holds a college degree, which is slightly below the national average, posing a consideration for families prioritizing educational attainment within their community.

    A distinctive feature of this neighborhood is its demographic composition, with a dominant Asian population and a considerable 24% of residents being non-U.S. citizens, fostering a multicultural environment. The high percentage of married-couple families, at 74%, suggests a family-friendly ambiance, ideal for those looking to settle down. Moreover, 22% of homeowners live mortgage-free, showcasing financial stability and a long-term commitment to the area. Nonetheless, 18% of homeowners are burdened with mortgage payments exceeding 30% of their income, a metric slightly above national norms, hinting at the potential financial strain of homeownership here.

    For those concerned about affordability amidst these appealing attributes, prospective buyers might explore alternative neighborhoods with similar median home prices but potentially better metrics, particularly regarding educational attainment and mortgage burdens. Such alternatives might provide a more balanced mix of economic viability and educational opportunities while maintaining the high standard of living that this vibrant community offers. Overall, while some aspects may prompt caution, the neighborhood remains a compelling choice due to its economic vitality, cultural diversity, and strong community ties, making it a desirable destination for discerning buyers seeking a thriving urban lifestyle.

    Median Home Price

    $1,056,900

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $144,850
    Nat'l Avg: $69,021

    Percent Under Poverty

    3%
    Nat'l Avg: 12%

    Median Contract Rent

    $2,059
    Nat'l Avg: $988

    Owners vs Renters

    56% / 43%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    1%
    Nat'l Avg: 11%

    Unemployment Rate

    3%
    Nat'l Avg: 3%

    College Degree

    29%
    Nat'l Avg: 21%

    Dominant Race

    Asian
    Nat'l Avg: 68%

    Married-Couple Families

    74%
    Nat'l Avg: 48%

    Owners Without Morgages

    22%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    18%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    24%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Northgate Community Park

    0.5 miles

    Washington Hospital Healthcare System

    6 miles

    Safeway

    1 mile

    Jack in the Box

    0.5 miles

    24 Hour Fitness

    5 miles

    San Francisco International Airport

    30 miles

    Patterson Elementary School

    0.6 miles

    Fremont Hub Shopping Center

    5 miles

    Fremont BART Station

    6 miles

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    The average home value in the 94555 zip code is $1,587,211, reflecting an 8.8% increase over the past year.
    In January 2025, the median sale price in Fremont was $1,295,000, a 4.4% decrease compared to the previous year.
    Homes in Fremont typically sell in about 13 days, indicating a competitive market.
    Over the past decade, Fremont's home values have appreciated by approximately 102.56%, averaging an annual increase of 7.31%. These insights highlight the dynamic nature of Fremont's real estate market, characterized by significant appreciation over the past decade and recent fluctuations in median sale prices.

    Custom Narratives

    Median home value in Fremont, CA is $1,557,857, reflecting a 9.9% increase over the past year.
    Median household income in Fremont is $176,350, indicating a 4.33% growth from the previous year.
    Fremont's population is 62.5% Asian, contributing to its rich cultural diversity.
    With 64% of residents holding a bachelor's degree or higher, Fremont boasts a highly educated workforce. These insights highlight Fremont's strong real estate market, economic growth, cultural diversity, and educational attainment.

    Green Flags

    Close proximity to various parks and recreational areas
    Access to diverse dining and shopping options
    Well-rated schools in the surrounding area
    Convenient transportation and public transit links

    Red Flags

    High cost of living
    Limited parking availability
    Noise from nearby traffic
    Occasional congestion during peak hours
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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