Market Overview
Home Prices in Freeburg, IL
The median home value in Freeburg, IL is $272,748 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.9% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeburg are priced33% below average. Freeburg is part of the St. Louis, MO-IL metro area.
Over the past five years, Freeburg home values have risen by approximately18.1%, reflecting steady appreciation in this market.
Price History
Freeburg Home Price Trend
City Comparison
Freeburg vs. National Median
At $272,748, homes in Freeburg cost 33% below the national median of $410,000. This makes Freeburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeburg?
20% Down Payment
$54,550
on $272,748
Monthly P&I
$1,422/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,806/mo
incl. taxes & insurance
Income Needed
$72,240
gross annual (30% rule)
10% Down Option
$27,275
+ PMI applies
Loan Amount (20% dn)
$218,198
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 Freeburg, IL?
The median home value in Freeburg is $272,748 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.9% year-over-year.
How much have home prices changed in Freeburg?
Over the past year, home values in Freeburg have increased by 3.9%. Over five years, prices have risen approximately 18.1%.
How much do I need to earn to buy a home in Freeburg?
To comfortably afford the median home price of $272,748 with a 20% down payment ($54,550) at today's rates (6.8%), you'd need a gross annual income of approximately $72,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeburg compare to the national average home price?
The national median home value is approximately $410,000. At $272,748, homes in Freeburg are 33% below the national average.
What metro area is Freeburg part of?
Freeburg is part of the St. Louis, MO-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.