Freeman, SD—57029
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeman, SD
Freeman, SD lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 1.9% |
| Single Family | $235,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Freeman, SD
Freeman, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Freeman, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeman, SD is 75. This is a decrease of -6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 16.0% |
Listing Count | 11 | 36.0% |
| Listings as % of Homes | 0.5% | 36.0% |
Days on Market | 75 | -6.0% |
Demographics — Freeman, SD
As of the latest ACS Survey released in 2023, Freeman, SD has a population of 2,320, which has increased by 5.0% over the past 5 years. Freeman, SD is a popular place for families, as children make up 30.4% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,320 | 5.0% |
% Under 18 | 30.4% | 18.3% |
% Seniors | 22.9% | 0.9% |
% WFH | 6.5% | -34.3% |
% w/ College Degree | 21.9% | -20.9% |
As of the latest ACS Survey released in 2023, Freeman, SD is a predominantly white area, with 86.0% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Freeman, SD is hispanic, making up 3.9% of the population. Foreign-born residents account for 1.8% of the population in Freeman, SD, and this percentage has decreased by 5.3% 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 | 86.0% | -8.1% |
% Black | 0.2% | ∞% |
% Hispanic | 3.9% | -11.4% |
% Asian | 0.5% | -54.5% |
% Foreign Born | 1.8% | -5.3% |
Mortgage and Risk — Freeman, SD
According to HUD data as of 2023, there were 36 mortgage originations in Freeman, SD, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Freeman, SD. Investor activity is low, as 8.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Freeman, SD
Freeman, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 15.3% |
% 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 | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Freeman, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $236,000 |
| Median Household Income | $77,300 |