Freedom, PA—15042
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freedom, PA
As of Oct '25, the median home price in Freedom, PA is $246,000, with a year-over-year change of 5.6%. This indicates that home prices in Freedom, PA are increasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 5.6% |
| Single Family | $257,000 | 6.2% |
| Condos | $239,000 | 6.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $207,000 | 5.6% |
3 Bed | $250,000 | 6.4% |
4 Bed | $289,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Freedom, PA
As of July '25, Rentcast reports the average rent in Freedom, PA is $1,080, with a year-over-year rent change of 46.3%. Per bedroom, the median rent as of July '25 in Freedom, PA is 1-bedrooms: $900, 2-bedrooms: $1,250. The most common rental property sizes in Freedom, PA are 3-bedroom and 2-bedroom, accounting for 50.6% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Freedom, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Freedom, PA is 50. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 55.0% |
Listing Count | 42 | 50.0% |
| Listings as % of Homes | 0.3% | 50.0% |
Days on Market | 50 | 8.0% |
Demographics — Freedom, PA
As of the latest ACS Survey released in 2023, Freedom, PA has a population of 7,860, which has decreased by -6.8% over the past 5 years. Freedom, PA is a moderately popular place for families, as children make up 15.9% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,860 | -6.8% |
% Under 18 | 15.9% | -4.2% |
% Seniors | 35.7% | 33.2% |
% WFH | 11.1% | 76.2% |
% w/ College Degree | 33.8% | 20.3% |
As of the latest ACS Survey released in 2023, Freedom, PA is a predominantly white area, with 94.9% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Freedom, PA is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.9% of the population in Freedom, PA, and this percentage has decreased by 47.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.9% | -2.4% |
% Black | 0.7% | 16.7% |
% Hispanic | 1.3% | 30.0% |
% Asian | 0.1% | 0.0% |
% Foreign Born | 0.9% | -47.1% |
Mortgage and Risk — Freedom, PA
According to HUD data as of 2023, there were 202 mortgage originations in Freedom, PA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Freedom, PA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Freedom, PA
Freedom, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 69 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $900 | $1,600 |
| 2 Bedroom | $670 | $1,250 | $1,920 |
| 3 Bedroom | N/A | N/A | $2,450 |
| 4 Bedroom | N/A | N/A | $2,640 |
Affordability — Freedom, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $246,000 |
| Median Household Income | $76,600 |