Market Overview
Home Prices in Freeland, MI
The median home value in Freeland, MI is $310,350 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 5.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeland are priced24% below average. Freeland is part of the Saginaw, MI metro area.
Over the past five years, Freeland home values have risen by approximately38.1%, reflecting strong long-term appreciation in this market.
Price History
Freeland Home Price Trend
City Comparison
Freeland vs. National Median
At $310,350, homes in Freeland cost 24% below the national median of $410,000. This makes Freeland a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeland?
20% Down Payment
$62,070
on $310,350
Monthly P&I
$1,619/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,056/mo
incl. taxes & insurance
Income Needed
$82,240
gross annual (30% rule)
10% Down Option
$31,035
+ PMI applies
Loan Amount (20% dn)
$248,280
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 Freeland, MI?
The median home value in Freeland is $310,350 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 Freeland?
Over the past year, home values in Freeland have increased by 7.4%. Over five years, prices have risen approximately 38.1%.
How much do I need to earn to buy a home in Freeland?
To comfortably afford the median home price of $310,350 with a 20% down payment ($62,070) at today's rates (6.8%), you'd need a gross annual income of approximately $82,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeland compare to the national average home price?
The national median home value is approximately $410,000. At $310,350, homes in Freeland are 24% below the national average.
What metro area is Freeland part of?
Freeland is part of the Saginaw, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.