Freeman, SD 57029 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Freeman, SD—57029

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$241,000

3.5% YoY Growth

Household Income

$77,300

36.1% YoY Growth

Days on Market

126

60.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

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	$241,000	3.5%
Single Family	$242,000	5.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

Loading chart...

% 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 Dec '25, Realtor.com reports that the median days on market for a home in Freeman, SD is 109. This is a increase of 23.0% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$310,000	44.0%
Listing Count	6	-15.0%
Listings as % of Homes	0.5%	-15.0%
Days on Market	126	60.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Freeman, SD—57029

Key Metrics at a Glance

Home Price Trends — Freeman, SD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeman, SD

% of Rental Stock

Property Listings — Freeman, SD

Demographics — Freeman, SD

Race and Ethnicity

Mortgage and Risk — Freeman, SD

Mortgages

Rentals and Section 8 — Freeman, SD

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeman, SD

Home Price to Income Ratio

Freeman, SD — ZIP Code Boundary Map

Nearby ZIP Codes

Menno, SD

Marion, SD

Bridgewater, SD

Emery, SD

Lesterville, SD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$241,000
Median Household Income	$77,300

Freeman, SD—57029

Key Metrics at a Glance

Home Price Trends — Freeman, SD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeman, SD

% of Rental Stock

Property Listings — Freeman, SD

Demographics — Freeman, SD

Race and Ethnicity

Mortgage and Risk — Freeman, SD

Mortgages

Rentals and Section 8 — Freeman, SD

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeman, SD

Home Price to Income Ratio

Freeman, SD — ZIP Code Boundary Map

Nearby ZIP Codes

Menno, SD

Marion, SD

Bridgewater, SD

Emery, SD

Lesterville, SD

Frequently Asked Questions

What is the average home price in Freeman, SD 57029?

How have home prices in Freeman, SD 57029 changed over the past year?

What is the home price projection for Freeman, SD 57029?

What are the demographics of Freeman, SD 57029?

How long does it take homes to sell in Freeman, SD 57029?

What is the average rent price in Freeman, SD 57029?