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Freeport, NY—11520

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$636,000
3.3% YoY Growth
Household Income
$119,000
56.3% YoY Growth
Days on Market
73
1.0% Longer YoY
Home Price Forecast
1.4%
Median Rent
$2,980
4.7% YoY Growth
1-Bed Rent
$2,340
20.1% YoY Growth
2-Bed Rent
$2,950
11.5% YoY Growth
3-Bed Rent
$3,600
2.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Freeport, NY

As of Dec '25, the median home price in Freeport, NY is $636,000, with a year-over-year change of 3.3%. This indicates that home prices in Freeport, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$636,0003.3%
Single Family $650,0002.8%
Condos $309,0004.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$482,0002.8%
    3 Bed
    		$645,0002.5%
    4 Bed
    		$700,0002.9%
    5 Bed $745,6112.9%
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    % of Housing Stock

    Studio
    5.0%
    1 Bedroom
    14.4%
    2 Bedrooms
    18.3%
    3 Bedrooms
    34.6%
    4 Bedrooms
    19.7%
    5+ Bedrooms
    8.1%

    Rental Trends — Freeport, NY

    As of July '25, Rentcast reports the average rent in Freeport, NY is $3,210, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Freeport, NY is 1-bedrooms: $2,190, 2-bedrooms: $2,920, 3-bedrooms: $3,910. The most common rental property sizes in Freeport, NY are 2-bedroom and 1-bedroom, accounting for 29.7% and 27.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,980$3,210
    Studio Rent N/AN/A
    1 Bed Rent $2,340$2,190
    2 Bed Rent $2,950$2,920
    3 Bed Rent $3,600$3,910
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    15.0%
    1 Bedroom
    27.9%
    2 Bedrooms
    29.7%
    3 Bedrooms
    12.8%
    4 Bedrooms
    5.0%
    5+ Bedrooms
    9.5%

    Property Listings — Freeport, NY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Freeport, NY is 62. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$679,0004.0%
    Listing Count
    		1148.0%
    Listings as % of Homes0.9%8.0%
    Days on Market
    		731.0%
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    Demographics — Freeport, NY

    As of the latest ACS Survey released in 2023, Freeport, NY has a population of 44,900, which has increased by 3.4% over the past 5 years. Freeport, NY is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		44,9003.4%
    % Under 18
    		21.2%-2.8%
    % Seniors
    		14.9%-3.9%
    % WFH
    		8.2%121.6%
    % w/ College Degree
    		27.3%-5.2%
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    As of the latest ACS Survey released in 2023, Freeport, NY is a predominantly hispanic area, with 43.3% of the population identifying as hispanic. The hispanic population has grown by 4.3% in the last 5 years. The second most common race or ethnicity in Freeport, NY is black, making up 34.2% of the population. Foreign-born residents account for 34.4% of the population in Freeport, NY, and this percentage has increased by 13.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		19.2%-21.6%
    % Black
    		34.2%10.0%
    % Hispanic
    		43.3%4.3%
    % Asian
    		1.5%-16.7%
    % Foreign Born
    		34.4%13.9%
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    Mortgage and Risk — Freeport, NY

    According to HUD data as of 2023, there were 439 mortgage originations in Freeport, NY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Freeport, NY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		439
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Freeport, NY

    Freeport, NY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		966
    Total Units Section 8
    		711
    % Rentals under Section 8
    		17.4%
    % Occupied Section 8
    		81.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$300$2,340$2,040
    2 Bedroom-$590$2,950$2,360
    3 Bedroom-$540$3,600$3,060
    4 BedroomN/AN/A$3,280

    Affordability — Freeport, NY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$636,000
    Median Household Income$119,000

    Freeport, NY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Baldwin, NY

    11510

    Roosevelt, NY

    11575

    Merrick, NY

    11566

    North Bellmore, NY

    11710

    Uniondale, NY

    11553

    Frequently Asked Questions