94538

2023 Data
Fremont, California

94538 is a prosperous, upper-middle-class neighborhood in Fremont with a premium real estate market.

Population

67,704

Income Rank

Top 76%

79%

$144K

Median Income

vs national

255%

$1.1M

Home Value

vs national

118%

$2,860

Monthly Rent

vs national

36.6 yrs

Median Age

How 94538 Compares

Key metrics versus national medians

Median Income
$144,451+79%

National median: $80,610

Home Value
$1,104,800+255%

National median: $311,500

Monthly Rent
$2,860+118%

National median: $1,314

College Educated
53.4%+53%

National median: 34.8%

Income Distribution in 94538

How household incomes are distributed across brackets

% of Households
Median Income Bracket

This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $144,451.

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What is the Average Income in 94538?

Household earnings and economic conditions

$144,451

Median Household Income

$61,344

Per Capita Income

3.8%

Unemployment Rate

Residents of 94538 earn a median household income of $144,451 per year. This is 79% higher than the national median of $80,610, placing this zip code among the top earners in the country. The per capita income of $61,344 provides insight into individual earning power.

How Much Does it Cost to Live in 94538?

Real estate market and rental conditions in Fremont

Home Buying

Median Home Value$1,104,800
20% Down Payment$220,960
Est. Monthly Mortgage$6,187

*Estimated at 7% APR, 30-year fixed

Renting

Median Monthly Rent$2,860
Annual Rent Cost$34,320
Rent-to-Income Ratio24%

Affordability Score

How affordable is it to live here?

0
out of 100
Highly Affordable

How is this calculated?

Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.

Strong income-to-cost ratio makes this area financially accessible for most households.

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Age Distribution in 94538

Population breakdown by age and gender

Male
Female
Median Age (36.6 yrs)

This population pyramid shows the distribution of residents by age group and gender. The median age in 94538 is 36.6 years, which is younger than the national median of 39 years.

Who Lives in 94538? Demographics & Population

Age, diversity, and population breakdown

67,704

Total Population

36.6

Median Age

53%

College Educated

23,149

Households

94538 has a population of 67,704 residents in approximately 23,149 households. The median age of 36.6 years is younger than the national median of 39 years. With 53% of residents holding bachelor's degrees or higher, this is a highly educated community.

Diversity & Ethnicity in 94538

Racial and ethnic composition of the community

Asian(56.3%)
White(19.2%)
Other(13%)
Two or More(6.7%)
Black(3.3%)
Native American(0.8%)
Pacific Islander(0.6%)

Diversity Index

62

Diverse

0 = Single race, 100 = Perfect diversity

Hispanic/Latino Population

19.5%

Note: Hispanic/Latino is an ethnicity, counted separately from race

Racial Composition

Asian
56.3%
White
19.2%
Other
13%
Two or More
6.7%

The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 62, this is a diverse community.

Education Levels in 94538

Educational attainment of adults 25 and older

College Educated (Bachelor's+)

53.4%

National average: 34.8%

High School or Higher

89.8%

National average: 88.6%

Education Breakdown

Less than HS
10.2%
HS Graduate
18%
Some College
12.4%
Associate's Degree
6%
Bachelor's Degree
29.7%
Graduate+
23.7%

Educational attainment data shows the highest level of education completed by residents 25 years and older. With 53.4% holding a bachelor's degree or higher, this area exceeds the national average.

What is 94538 Like? Neighborhood Profile

Community personality and lifestyle analysis

Community profile generated from Census data analysis
Community Type

Affluent Professional Community

Fremont's 94538 neighborhood functions as a affluent professional community.

Residents here enjoy significantly above-average household earnings.

The area attracts a mix of young professionals and established families.

Educational attainment is well above average, with many college graduates.

Best Suited For

  • +Executives & senior professionals
  • +Dual-income families
  • +Remote workers seeking quality of life

May Not Suit

  • -Budget-conscious renters
  • -First-time buyers on limited budgets

Key Characteristics

  • Higher-than-average household incomes
  • Highly educated residents
  • Culturally diverse population
  • Competitive real estate market relative to incomes
  • Reasonable rental costs for the area

Typical Resident Profile

A typical 94538 resident is a adult in their mid-30s, renter with manageable housing costs, working in professional or executive career with advanced education.

Lifestyle

Career-focused with emphasis on quality amenities and good schools

Frequently Asked Questions

Common questions about 94538 Fremont, CA

The median household income in 94538 (Fremont, CA) is $144,451, which is 79% higher than the national median of $80,610.

The median home value in 94538 is $1,104,800. A 20% down payment would be $220,960, with an estimated monthly mortgage of $6,187 at current rates.

The median monthly rent in 94538 is $2,860, totaling $34,320 annually. This represents 24% of the median household income.

94538 in Fremont, California is a prosperous, upper-middle-class neighborhood with a median age of 36.6 years. With 53% college graduates, it's a highly educated community.

The unemployment rate in 94538 is 3.8%, lower than the national rate of 4.8%. This means 96.2% of the labor force is employed.

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