Freeport, FL—32439
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeport, FL
As of Oct '25, the median home price in Freeport, FL is $395,000, with a year-over-year change of -2.5%. This indicates that home prices in Freeport, FL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $395,000 | -2.5% |
| Single Family | $396,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | -4.3% |
3 Bed | $357,000 | -3.3% |
4 Bed | $493,000 | -0.8% |
| 5 Bed | $547,000 | 0.0% |
% of Housing Stock
Rental Trends — Freeport, FL
As of July '25, Rentcast reports the average rent in Freeport, FL is $2,210, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Freeport, FL is 1-bedrooms: $1,450, 2-bedrooms: $1,680, 3-bedrooms: $2,120, 4-bedrooms: $2,810. The most common rental property sizes in Freeport, FL are 3-bedroom and 2-bedroom, accounting for 39.6% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,450 |
| 2 Bed Rent | $1,580 | $1,680 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $2,700 | $2,810 |
% of Rental Stock
Property Listings — Freeport, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeport, FL is 81. This is a increase of 13.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 1.0% |
Listing Count | 328 | 11.0% |
| Listings as % of Homes | 4.9% | 11.0% |
Days on Market | 81 | 13.0% |
Demographics — Freeport, FL
As of the latest ACS Survey released in 2023, Freeport, FL has a population of 15,300, which has increased by 53.2% over the past 5 years. Freeport, FL is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 30.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 53.2% |
% Under 18 | 27.0% | 32.4% |
% Seniors | 16.9% | -0.6% |
% WFH | 13.3% | 82.2% |
% w/ College Degree | 30.2% | 28.5% |
As of the latest ACS Survey released in 2023, Freeport, FL is a predominantly white area, with 76.1% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Freeport, FL is hispanic, making up 15.5% of the population. Foreign-born residents account for 8.5% of the population in Freeport, FL, and this percentage has increased by 1.2% 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 | 76.1% | -4.5% |
% Black | 1.5% | -46.4% |
% Hispanic | 15.5% | 30.3% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 8.5% | 1.2% |
Mortgage and Risk — Freeport, FL
According to HUD data as of 2023, there were 797 mortgage originations in Freeport, FL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Freeport, FL. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 797 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Freeport, FL
As of 2024, the percent of homes in Freeport, FL under the Section 8 program is 1.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Freeport, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $1,480 | $1,080 |
| 2 Bedroom | -$380 | $1,580 | $1,200 |
| 3 Bedroom | -$320 | $2,000 | $1,680 |
| 4 Bedroom | -$680 | $2,700 | $2,020 |
Affordability — Freeport, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $395,000 |
| Median Household Income | $77,500 |