Market Overview
Home Prices in Freeport, IL
The median home value in Freeport, IL is $129,297 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeport are priced68% below average. Freeport is part of the Freeport, IL metro area.
Over the past five years, Freeport home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Freeport Home Price Trend
City Comparison
Freeport vs. National Median
At $129,297, homes in Freeport cost 68% 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
$25,859
on $129,297
Monthly P&I
$674/mo
30-yr @ 6.8%
Total Monthly Est.
~$856/mo
incl. taxes & insurance
Income Needed
$34,240
gross annual (30% rule)
10% Down Option
$12,930
+ PMI applies
Loan Amount (20% dn)
$103,438
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, IL?
The median home value in Freeport is $129,297 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in Freeport?
Over the past year, home values in Freeport have increased by 7.4%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Freeport?
To comfortably afford the median home price of $129,297 with a 20% down payment ($25,859) at today's rates (6.8%), you'd need a gross annual income of approximately $34,240. 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 $129,297, homes in Freeport are 68% below the national average.
What metro area is Freeport part of?
Freeport is part of the Freeport, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.