Freeport, PA—16229
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeport, PA
As of Oct '25, the median home price in Freeport, PA is $212,000, with a year-over-year change of 0.5%. This indicates that home prices in Freeport, PA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 0.5% |
| Single Family | $211,000 | -0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | -3.4% |
3 Bed | $201,000 | -1.0% |
4 Bed | $300,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Freeport, PA
As of July '25, Rentcast reports the average rent in Freeport, PA is $2,670, with a year-over-year rent change of 99.3%. Per bedroom, the median rent as of July '25 in Freeport, PA is studios: $4,500, 2-bedrooms: $1,500, 3-bedrooms: $2,000. The most common rental property sizes in Freeport, PA are 2-bedroom and 1-bedroom, accounting for 48.9% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,670 |
| Studio Rent | $4,500 | $4,500 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Freeport, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeport, PA is 81. This is a increase of 88.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | 119.0% |
Listing Count | 9 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 81 | 88.0% |
Demographics — Freeport, PA
As of the latest ACS Survey released in 2023, Freeport, PA has a population of 4,900, which has decreased by -9.7% over the past 5 years. Freeport, PA is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,900 | -9.7% |
% Under 18 | 18.9% | -6.0% |
% Seniors | 19.1% | 23.2% |
% WFH | 15.4% | 600.0% |
% w/ College Degree | 27.8% | 19.3% |
As of the latest ACS Survey released in 2023, Freeport, PA is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Freeport, PA is asian, making up 1.3% of the population. Foreign-born residents account for 0.9% of the population in Freeport, PA, and this percentage has increased by 125.0% 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 | 95.4% | -3.4% |
% Black | 0.7% | ∞% |
% Hispanic | 0.9% | 200.0% |
% Asian | 1.3% | ∞% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Freeport, PA
According to HUD data as of 2023, there were 16 mortgage originations in Freeport, PA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Freeport, PA. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 16 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Freeport, PA
Freeport, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 86 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | -$470 | $1,500 | $1,030 |
| 3 Bedroom | -$690 | $2,000 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Freeport, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $212,000 |
| Median Household Income | $74,800 |