Freeburg, IL—62243
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Freeburg, IL
As of Oct '25, the median home price in Freeburg, IL is $264,000, with a year-over-year change of 4.9%. This indicates that home prices in Freeburg, IL are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 4.9% |
| Single Family | $265,000 | 5.6% |
| 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 | $270,000 | 5.9% |
4 Bed | $371,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Freeburg, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Freeburg, IL is 35. This is a decrease of -22.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | -18.0% |
Listing Count | 19 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 35 | -22.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Freeburg, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $264,000 |
| Median Household Income | $93,300 |