The housing market in the Freeport, IL Metro Area is relatively affordable compared to the national average. The median value of homes in the area is $125,400, which is significantly lower than the US median value of $338,100. Despite this difference in price points, home appreciation in Freeport, IL Metro Area has still kept pace with the rest of the country at 7.36%, just slightly below the national rate of 8.27%. While property values may be lower than other parts of the country, Freeport residents can take comfort knowing their home values are appreciating steadily over time.
The median home cost in Freeport Metro Area is $125,400. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Freeport Metro Area is up 14.1%.
Average Age of Homes
- The median age of Freeport Metro Area real estate is 59 years old
The Rental Market in Freeport Metro Area
- Renters make up 25.0% of the Freeport Metro Area population
- 1.2% of houses and apartments in Freeport Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.