Freeport, IL 61032 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Freeport, IL—61032

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$122,000

7.3% YoY Growth

Household Income

$54,200

26.5% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

5.4%

Median Rent

$750

3.4% YoY Growth

1-Bed Rent

$650

15.3% YoY Growth

2-Bed Rent

$800

1.5% YoY Growth

3-Bed Rent

$875

9.1% YoY Growth

Home Price Trends — Freeport, IL

As of Dec '25, the median home price in Freeport, IL is $122,000, with a year-over-year change of 7.3%. This indicates that home prices in Freeport, IL are increasing. According to Zillow, the 1-year price projection is 5.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$122,000	7.3%
Single Family	$121,000	8.0%
Condos	$142,000	11.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Freeport, IL

As of July '25, Rentcast reports the average rent in Freeport, IL is $756, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Freeport, IL is studios: $583, 1-bedrooms: $669, 2-bedrooms: $779, 3-bedrooms: $836, 4-bedrooms: $1,100. The most common rental property sizes in Freeport, IL are 2-bedroom and 3-bedroom, accounting for 41.9% and 23.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$750	$756
Studio Rent	$600	$583
1 Bed Rent	$650	$669
2 Bed Rent	$800	$779
3 Bed Rent	$875	$836
4 Bed Rent	$1,100	$1,100

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% of Rental Stock

Studio

4.1%

1 Bedroom

22.8%

2 Bedrooms

41.9%

3 Bedrooms

23.9%

4 Bedrooms

5.7%

5+ Bedrooms

1.5%

Property Listings — Freeport, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Freeport, IL is 59. 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$161,000	32.0%
Listing Count	87	-21.0%
Listings as % of Homes	0.6%	-21.0%
Days on Market	62	-10.0%

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Demographics — Freeport, IL

As of the latest ACS Survey released in 2023, Freeport, IL has a population of 29,100, which has decreased by -2.8% over the past 5 years. Freeport, IL is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	29,100	-2.8%
% Under 18	19.5%	-9.7%
% Seniors	24.3%	10.0%
% WFH	9.0%	69.8%
% w/ College Degree	20.2%	4.1%

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As of the latest ACS Survey released in 2023, Freeport, IL is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Freeport, IL is black, making up 12.4% of the population. Foreign-born residents account for 2.6% of the population in Freeport, IL, and this percentage has decreased by 3.7% 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	72.8%	-4.5%
% Black	12.4%	-15.1%
% Hispanic	6.2%	31.9%
% Asian	1.1%	0.0%
% Foreign Born	2.6%	-3.7%

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Mortgage and Risk — Freeport, IL

According to HUD data as of 2023, there were 379 mortgage originations in Freeport, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Freeport, IL. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	379
% Conventional Loans	76.0%
% Government Loans	24.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Freeport, IL

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

Section 8 Market Size

Total Units under HUD	854
Total Units Section 8	519
% Rentals under Section 8	N/A
% Occupied Section 8	84.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$20	$650	$670
2 Bedroom	$80	$800	$880
3 Bedroom	$195	$875	$1,070
4 Bedroom	$140	$1,100	$1,240

Freeport, IL—61032

Key Metrics at a Glance

Home Price Trends — Freeport, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeport, IL

% of Rental Stock

Property Listings — Freeport, IL

Demographics — Freeport, IL

Race and Ethnicity

Mortgage and Risk — Freeport, IL

Mortgages

Rentals and Section 8 — Freeport, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeport, IL

Home Price to Income Ratio

Freeport, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Cedarville

Baileyville, IL

Afolkey, IL

McConnell, IL

Ridott, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$122,000
Median Household Income	$54,200

Freeport, IL—61032

Key Metrics at a Glance

Home Price Trends — Freeport, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Freeport, IL

% of Rental Stock

Property Listings — Freeport, IL

Demographics — Freeport, IL

Race and Ethnicity

Mortgage and Risk — Freeport, IL

Mortgages

Rentals and Section 8 — Freeport, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Freeport, IL

Home Price to Income Ratio

Freeport, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Cedarville

Baileyville, IL

Afolkey, IL

McConnell, IL

Ridott, IL

Frequently Asked Questions

What is the average home price in Freeport, IL 61032?

How have home prices in Freeport, IL 61032 changed over the past year?

What is the home price projection for Freeport, IL 61032?

What are the demographics of Freeport, IL 61032?

How long does it take homes to sell in Freeport, IL 61032?

What is the average rent price in Freeport, IL 61032?