Market Overview
Home Prices in Freeborn, MN
The median home value in Freeborn, MN is $145,693 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and down 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeborn are priced64% below average. Freeborn is part of the Albert Lea, MN metro area.
Over the past five years, Freeborn home values have risen by approximately38.3%, reflecting strong long-term appreciation in this market.
Price History
Freeborn Home Price Trend
City Comparison
Freeborn vs. National Median
At $145,693, homes in Freeborn cost 64% below the national median of $410,000. This makes Freeborn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeborn?
20% Down Payment
$29,139
on $145,693
Monthly P&I
$760/mo
30-yr @ 6.8%
Total Monthly Est.
~$965/mo
incl. taxes & insurance
Income Needed
$38,600
gross annual (30% rule)
10% Down Option
$14,569
+ PMI applies
Loan Amount (20% dn)
$116,554
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 Freeborn, MN?
The median home value in Freeborn is $145,693 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Freeborn?
Over the past year, home values in Freeborn have increased by 4.4%. Over five years, prices have risen approximately 38.3%.
How much do I need to earn to buy a home in Freeborn?
To comfortably afford the median home price of $145,693 with a 20% down payment ($29,139) at today's rates (6.8%), you'd need a gross annual income of approximately $38,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeborn compare to the national average home price?
The national median home value is approximately $410,000. At $145,693, homes in Freeborn are 64% below the national average.
What metro area is Freeborn part of?
Freeborn is part of the Albert Lea, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.