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Freeman, SD—57029

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$254,000
13.2% YoY Growth
Household Income
$77,300
36.1% YoY Growth
Days on Market
49
17.0% Longer YoY
Home Price Forecast
N/A
Median 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
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Freeman, SD

Freeman, SD lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$254,00013.2%
Single Family $254,00012.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    5.7%
    2 Bedrooms
    27.9%
    3 Bedrooms
    37.2%
    4 Bedrooms
    15.4%
    5+ Bedrooms
    12.4%

    Rental Trends — Freeman, SD

    Freeman, SD lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average RentN/AN/A
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    8.9%
    1 Bedroom
    20.4%
    2 Bedrooms
    26.1%
    3 Bedrooms
    42.0%
    4 Bedrooms
    2.5%

    Property Listings — Freeman, SD

    As of May '26, Realtor.com reports that the median days on market for a home in Freeman, SD is 49. This is a increase of 17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$250,000-18.0%
    Listing Count
    		5-44.0%
    Listings as % of Homes0.5%-44.0%
    Days on Market
    		4917.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		2,3205.0%
    % Under 18
    		30.4%18.3%
    % Seniors
    		22.9%0.9%
    % WFH
    		6.5%-34.3%
    % w/ College Degree
    		21.9%-20.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$800
    2 BedroomN/AN/A$940
    3 BedroomN/AN/A$1,280
    4 BedroomN/AN/A$1,600

    Affordability — Freeman, SD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$254,000
    Median Household Income$77,300

    Freeman, SD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Menno, SD

    57045

    Marion, SD

    57043

    Bridgewater, SD

    57319

    Emery, SD

    57332

    Lesterville, SD

    57040

    Frequently Asked Questions