Freeland, MI 48623 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Freeland, MI—48623

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$281,000

7.6% YoY Growth

Household Income

$96,400

20.4% YoY Growth

Days on Market

12.0% Shorter YoY

Home Price Forecast

4.0%

Median Rent

$1,400

28.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,100

8.1% YoY Growth

3-Bed Rent

$2,000

62.1% YoY Growth

Home Price Trends — Freeland, MI

As of Dec '25, the median home price in Freeland, MI is $281,000, with a year-over-year change of 7.6%. This indicates that home prices in Freeland, MI are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$281,000	7.6%
Single Family	$281,000	8.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Freeland, MI

As of July '25, Rentcast reports the average rent in Freeland, MI is $1,670, with a year-over-year rent change of 28.5%. Per bedroom, the median rent as of July '25 in Freeland, MI is 2-bedrooms: $1,140, 3-bedrooms: $2,140, 4-bedrooms: $3,000. The most common rental property sizes in Freeland, MI are 3-bedroom and 2-bedroom, accounting for 50.6% and 35.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,670
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,100	$1,140
3 Bed Rent	$2,000	$2,140
4 Bed Rent	$3,000	$3,000

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% of Rental Stock

1 Bedroom

10.4%

2 Bedrooms

35.1%

3 Bedrooms

50.6%

5+ Bedrooms

3.9%

Property Listings — Freeland, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Freeland, MI is 62. This is a decrease of -20.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$410,000	15.0%
Listing Count	48	30.0%
Listings as % of Homes	0.6%	30.0%
Days on Market	80	-12.0%

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Demographics — Freeland, MI

As of the latest ACS Survey released in 2023, Freeland, MI has a population of 15,100, which has increased by 11.3% over the past 5 years. Freeland, MI is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,100	11.3%
% Under 18	22.4%	4.2%
% Seniors	16.3%	15.6%
% WFH	11.9%	296.7%
% w/ College Degree	32.9%	11.5%

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As of the latest ACS Survey released in 2023, Freeland, MI is a predominantly white area, with 86.5% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Freeland, MI is black, making up 4.7% of the population. Foreign-born residents account for 0.4% of the population in Freeland, MI, and this percentage has decreased by 76.5% 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	86.5%	-4.2%
% Black	4.7%	11.9%
% Hispanic	3.2%	23.1%
% Asian	0.9%	0.0%
% Foreign Born	0.4%	-76.5%

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Mortgage and Risk — Freeland, MI

According to HUD data as of 2023, there were 281 mortgage originations in Freeland, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Freeland, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	281
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Freeland, MI

Freeland, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	3
Total Units Section 8	3
% Rentals under Section 8	0.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$900
2 Bedroom	$70	$1,100	$1,170
3 Bedroom	-$480	$2,000	$1,520
4 Bedroom	-$1,430	$3,000	$1,570

Freeland, MI—48623

Key Metrics at a Glance

Home Price Trends — Freeland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeland, MI

% of Rental Stock

Property Listings — Freeland, MI

Demographics — Freeland, MI

Race and Ethnicity

Mortgage and Risk — Freeland, MI

Mortgages

Rentals and Section 8 — Freeland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeland, MI

Home Price to Income Ratio

Freeland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Saginaw, MI

Auburn, MI

Saginaw, MI

Hemlock, MI

Saginaw, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.4
Median Home Price	$281,000
Median Household Income	$96,400

Freeland, MI—48623

Key Metrics at a Glance

Home Price Trends — Freeland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeland, MI

% of Rental Stock

Property Listings — Freeland, MI

Demographics — Freeland, MI

Race and Ethnicity

Mortgage and Risk — Freeland, MI

Mortgages

Rentals and Section 8 — Freeland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeland, MI

Home Price to Income Ratio

Freeland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Saginaw, MI

Auburn, MI

Saginaw, MI

Hemlock, MI

Saginaw, MI

Frequently Asked Questions

What is the average home price in Freeland, MI 48623?

How have home prices in Freeland, MI 48623 changed over the past year?

What is the home price projection for Freeland, MI 48623?

What are the demographics of Freeland, MI 48623?

How long does it take homes to sell in Freeland, MI 48623?

What is the average rent price in Freeland, MI 48623?