Freeburg, IL 62243 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Freeburg, IL—62243

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$268,000

5.5% YoY Growth

Household Income

$93,300

20.4% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

2.3%

Median Rent

$1,050

30.3% YoY Growth

1-Bed Rent

$800

19.6% YoY Growth

2-Bed Rent

$1,050

12.7% YoY Growth

3-Bed Rent

$1,350

6.3% YoY Growth

Home Price Trends — Freeburg, IL

As of Dec '25, the median home price in Freeburg, IL is $268,000, with a year-over-year change of 5.5%. This indicates that home prices in Freeburg, IL are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$268,000	5.5%
Single Family	$269,000	5.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Freeburg, IL

As of July '25, Rentcast reports the average rent in Freeburg, IL is $1,080, with a year-over-year rent change of -30.3%. Per bedroom, the median rent as of July '25 in Freeburg, IL is studios: $800, 1-bedrooms: $800, 2-bedrooms: $1,150, 3-bedrooms: $1,350. The most common rental property sizes in Freeburg, IL are 2-bedroom and 3-bedroom, accounting for 59.8% and 24.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,050	$1,080
Studio Rent	$800	$800
1 Bed Rent	$800	$800
2 Bed Rent	$1,050	$1,150
3 Bed Rent	$1,350	$1,350
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

5.5%

2 Bedrooms

59.8%

3 Bedrooms

24.4%

4 Bedrooms

10.2%

Property Listings — Freeburg, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Freeburg, IL is 62. This is a decrease of -38.0% 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	$340,000	-16.0%
Listing Count	11	-15.0%
Listings as % of Homes	0.3%	-15.0%
Days on Market	77	-36.0%

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Demographics — Freeburg, IL

As of the latest ACS Survey released in 2023, Freeburg, IL has a population of 6,520, which has increased by 12.5% over the past 5 years. Freeburg, IL is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 33.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,520	12.5%
% Under 18	25.1%	34.2%
% Seniors	17.4%	-12.6%
% WFH	12.5%	400.0%
% w/ College Degree	33.6%	-6.4%

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As of the latest ACS Survey released in 2023, Freeburg, IL is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Freeburg, IL is asian, making up 1.3% of the population. Foreign-born residents account for 1.5% of the population in Freeburg, IL, and this percentage has decreased by 21.1% 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	90.6%	-4.8%
% Black	0.6%	100.0%
% Hispanic	0.8%	-66.7%
% Asian	1.3%	44.4%
% Foreign Born	1.5%	-21.1%

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Mortgage and Risk — Freeburg, IL

According to HUD data as of 2023, there were 68 mortgage originations in Freeburg, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Freeburg, IL. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	68
% Conventional Loans	65.0%
% Government Loans	35.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Freeburg, IL

Freeburg, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.3%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$230	$800	$1,030
2 Bedroom	$220	$1,050	$1,270
3 Bedroom	$290	$1,350	$1,640
4 Bedroom	N/A	N/A	$1,890

Freeburg, IL—62243

Key Metrics at a Glance

Home Price Trends — Freeburg, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeburg, IL

% of Rental Stock

Property Listings — Freeburg, IL

Demographics — Freeburg, IL

Race and Ethnicity

Mortgage and Risk — Freeburg, IL

Mortgages

Rentals and Section 8 — Freeburg, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeburg, IL

Home Price to Income Ratio

Freeburg, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Shiloh, IL

New Athens, IL

Belleville, IL

Smithton, IL

Mascoutah, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$268,000
Median Household Income	$93,300

Freeburg, IL—62243

Key Metrics at a Glance

Home Price Trends — Freeburg, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeburg, IL

% of Rental Stock

Property Listings — Freeburg, IL

Demographics — Freeburg, IL

Race and Ethnicity

Mortgage and Risk — Freeburg, IL

Mortgages

Rentals and Section 8 — Freeburg, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeburg, IL

Home Price to Income Ratio

Freeburg, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Shiloh, IL

New Athens, IL

Belleville, IL

Smithton, IL

Mascoutah, IL

Frequently Asked Questions

What is the average home price in Freeburg, IL 62243?

How have home prices in Freeburg, IL 62243 changed over the past year?

What is the home price projection for Freeburg, IL 62243?

What are the demographics of Freeburg, IL 62243?

How long does it take homes to sell in Freeburg, IL 62243?

What is the average rent price in Freeburg, IL 62243?