Freeport, NY—11520
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeport, NY
As of Oct '25, the median home price in Freeport, NY is $642,000, with a year-over-year change of 4.0%. This indicates that home prices in Freeport, NY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $642,000 | 4.0% |
| Single Family | $656,000 | 3.3% |
| Condos | $311,000 | 3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $482,000 | 2.8% |
3 Bed | $649,000 | 2.5% |
4 Bed | $705,000 | 3.1% |
| 5 Bed | $751,000 | 3.2% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,980 | $3,210 |
| Studio Rent | N/A | N/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/A | N/A |
% of Rental Stock
Property Listings — Freeport, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeport, NY is 53. This is a decrease of -12.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $681,000 | 3.0% |
Listing Count | 182 | 36.0% |
| Listings as % of Homes | 0.9% | 36.0% |
Days on Market | 53 | -12.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,900 | 3.4% |
% Under 18 | 21.2% | -2.8% |
% Seniors | 14.9% | -3.9% |
% WFH | 8.2% | 121.6% |
% w/ College Degree | 27.3% | -5.2% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $2,340 | $2,040 |
| 2 Bedroom | -$590 | $2,950 | $2,360 |
| 3 Bedroom | -$540 | $3,600 | $3,060 |
| 4 Bedroom | N/A | N/A | $3,280 |
Affordability — Freeport, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $642,000 |
| Median Household Income | $119,000 |