Market Overview
Home Prices in Freeman, SD
The median home value in Freeman, SD is $258,009 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 13.2% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeman are priced37% below average. Freeman is part of the Sioux Falls, SD metro area.
Over the past five years, Freeman home values have risen by approximately38.3%, reflecting strong long-term appreciation in this market.
Price History
Freeman Home Price Trend
City Comparison
Freeman vs. National Median
At $258,009, homes in Freeman cost 37% below the national median of $410,000. This makes Freeman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Freeman?
20% Down Payment
$51,602
on $258,009
Monthly P&I
$1,346/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,709/mo
incl. taxes & insurance
Income Needed
$68,360
gross annual (30% rule)
10% Down Option
$25,801
+ PMI applies
Loan Amount (20% dn)
$206,407
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 Freeman, SD?
The median home value in Freeman is $258,009 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 13.2% year-over-year.
How much have home prices changed in Freeman?
Over the past year, home values in Freeman have increased by 13.2%. Over five years, prices have risen approximately 38.3%.
How much do I need to earn to buy a home in Freeman?
To comfortably afford the median home price of $258,009 with a 20% down payment ($51,602) at today's rates (6.8%), you'd need a gross annual income of approximately $68,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Freeman compare to the national average home price?
The national median home value is approximately $410,000. At $258,009, homes in Freeman are 37% below the national average.
What metro area is Freeman part of?
Freeman is part of the Sioux Falls, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.