Market Overview
Home Prices in Freeville, NY
The median home value in Freeville, NY is $299,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeville are priced27% below average. Freeville is part of the Ithaca, NY metro area.
Over the past five years, Freeville home values have risen by approximately42.4%, reflecting strong long-term appreciation in this market.
Price History
Freeville Home Price Trend
City Comparison
Freeville vs. National Median
At $299,506, homes in Freeville cost 27% below the national median of $410,000. This makes Freeville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeville?
20% Down Payment
$59,901
on $299,506
Monthly P&I
$1,562/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,984/mo
incl. taxes & insurance
Income Needed
$79,360
gross annual (30% rule)
10% Down Option
$29,951
+ PMI applies
Loan Amount (20% dn)
$239,605
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 Freeville, NY?
The median home value in Freeville is $299,506 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Freeville?
Over the past year, home values in Freeville have increased by 6.4%. Over five years, prices have risen approximately 42.4%.
How much do I need to earn to buy a home in Freeville?
To comfortably afford the median home price of $299,506 with a 20% down payment ($59,901) at today's rates (6.8%), you'd need a gross annual income of approximately $79,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeville compare to the national average home price?
The national median home value is approximately $410,000. At $299,506, homes in Freeville are 27% below the national average.
What metro area is Freeville part of?
Freeville is part of the Ithaca, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.