Freeport, Illinois Real Estate & Housing Market

Freeport, IL Listings

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Freeport Housing Information

Index	Freeport	Illinois	National
Median home price	$75,400	$174,800	$184,700
Median rent asked	$611	$925	$949
Avg. people per household	2.2	2.6	2.6
Owner occupied households	58.6%	66.0%	63.6%
Renter occupied households	41.4%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Freeport, IL. Generally, real estate in the Freeport, IL area is more affordable in Illinois, as the median price of a home in Freeport, IL is $75,400, which is 57% lower than the Illinois average. The median rental price in Freeport, IL is $611. This is 34% lower than the average rental price in Illinois. Home owners comprise 58.6% of the population of Freeport, IL, where an average of 2.2 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Freeport, IL. Below, you can search for real estate listings in Freeport, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Freeport Home Affordability

When searching for real estate in Freeport, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Freeport, IL, the median house price is $75,400, while the median income for households in the area is $35,552. Therefore, the ratio of house price to income is 2.1x; this ratio is 28% lower than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Freeport, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Ridott, IL	173	$63,000	66%
Winslow, IL	267	$72,500	61%
Leaf River, IL	637	$80,000	57%
Lanark, IL	1,542	$82,200	55%
Shannon, IL	646	$90,600	51%
Freeport, IL	24,784	$75,400	59%

Cities with similar population

City, State	Population	Home Price	National Avg.
San Lorenzo, CA	24,790	$419,300	127%
Chanhassen, MN	24,796	$339,800	84%
Temescal Valley, CA	24,797	$364,800	98%
Caledonia, WI	24,767	$191,200	4%
Woodburn, OR	24,765	$157,900	15%
Freeport, IL	24,784	$75,400	59%

Source: The Freeport, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).