Market Overview
Home Prices in Freeman, VA
The median home value in Freeman, VA is $121,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.5% compared to a year ago and down 17.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Freeman are priced70% below average.
Price History
Freeman Home Price Trend
2024
$138,080
$138K
—
2025
$113,803
$114K
-17.6%
2026
$121,242
$121K
+6.5%
City Comparison
Freeman vs. National Median
🏠 Freeman
$121,242
National Median
$410,000
At $121,242, homes in Freeman cost 70% 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
$24,248
on $121,242
Monthly P&I
$632/mo
30-yr @ 6.8%
Total Monthly Est.
~$803/mo
incl. taxes & insurance
Income Needed
$32,120
gross annual (30% rule)
10% Down Option
$12,124
+ PMI applies
Loan Amount (20% dn)
$96,994
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, VA?
The median home value in Freeman is $121,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.5% year-over-year.
How much have home prices changed in Freeman?
Over the past year, home values in Freeman have increased by 6.5%.
How much do I need to earn to buy a home in Freeman?
To comfortably afford the median home price of $121,242 with a 20% down payment ($24,248) at today's rates (6.8%), you'd need a gross annual income of approximately $32,120. 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 $121,242, homes in Freeman are 70% below the national average.