October's First-Time Homebuyer Report for Niles

Niles ranks as the second-fastest growing neighborhood in Fremont at a 10-year growth rate of 5.4%. The population of Niles also ranks as the fifth-largest with 7,688 people. Niles is made up of homes that are considered relatively old with a median of 39 years. The best school in the neighborhood is Niles Elementary School.

Price Range

The housing prices of Niles are close to the city average with a median home value of $583,843 and a current average list price of $945,543. With 11 homes sold in the Niles market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with three new listings for buyers to choose from.

Typical Dwelling

The typical dwelling in Niles is a three-bedroom detached home worth about $847,560. To purchase a similar home, a buyer with good credit and a $169,512 cash down payment could obtain a mortgage with a 3.95% interest rate and a $4,146 monthly payment. The property tax rate is $7.10 per $1,000 of taxable assessed value.

Get started right now by checking out Niles homes for sale or reviewing Niles real estate trends.


Data reported through 10/13/2016

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