Market Overview
Home Prices in Freeport, FL
The median home value in Freeport, FL is $389,770 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.6% compared to a year ago and down 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeport are priced5% below average. Freeport is part of the Crestview-Fort Walton Beach-Destin, FL metro area.
Over the past five years, Freeport home values have risen by approximately18.6%, reflecting steady appreciation in this market.
Price History
Freeport Home Price Trend
City Comparison
Freeport vs. National Median
At $389,770, homes in Freeport cost 5% below the national median of $410,000. This makes Freeport a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeport?
20% Down Payment
$77,954
on $389,770
Monthly P&I
$2,033/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,582/mo
incl. taxes & insurance
Income Needed
$103,280
gross annual (30% rule)
10% Down Option
$38,977
+ PMI applies
Loan Amount (20% dn)
$311,816
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Freeport, FL?
The median home value in Freeport is $389,770 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.6% year-over-year.
How much have home prices changed in Freeport?
Over the past year, home values in Freeport have decreased by 2.6%. Over five years, prices have risen approximately 18.6%.
How much do I need to earn to buy a home in Freeport?
To comfortably afford the median home price of $389,770 with a 20% down payment ($77,954) at today's rates (6.8%), you'd need a gross annual income of approximately $103,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeport compare to the national average home price?
The national median home value is approximately $410,000. At $389,770, homes in Freeport are 5% below the national average.
What metro area is Freeport part of?
Freeport is part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.