Market Overview
Home Prices in Freedom, IN
The median home value in Freedom, IN is $254,029 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freedom are priced38% below average. Freedom is part of the Bloomington, IN metro area.
Over the past five years, Freedom home values have risen by approximately27.6%, reflecting strong long-term appreciation in this market.
Price History
Freedom Home Price Trend
City Comparison
Freedom vs. National Median
At $254,029, homes in Freedom cost 38% below the national median of $410,000. This makes Freedom a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freedom?
20% Down Payment
$50,806
on $254,029
Monthly P&I
$1,325/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,683/mo
incl. taxes & insurance
Income Needed
$67,320
gross annual (30% rule)
10% Down Option
$25,403
+ PMI applies
Loan Amount (20% dn)
$203,223
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 Freedom, IN?
The median home value in Freedom is $254,029 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Freedom?
Over the past year, home values in Freedom have increased by 2.9%. Over five years, prices have risen approximately 27.6%.
How much do I need to earn to buy a home in Freedom?
To comfortably afford the median home price of $254,029 with a 20% down payment ($50,806) at today's rates (6.8%), you'd need a gross annual income of approximately $67,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Freedom compare to the national average home price?
The national median home value is approximately $410,000. At $254,029, homes in Freedom are 38% below the national average.
What metro area is Freedom part of?
Freedom is part of the Bloomington, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.