Housing in 61032 Freeport, IL is quite affordable with a median value of $91,500. This is significantly lower than the US house median value of $338,100. Additionally, appreciation in Freeport has been lagging slightly behind the national average with an annual appreciation rate of 7.18%, compared to 8.27% across the country. Although housing may be more affordable in Freeport than other areas, potential buyers should still consider both current market trends and long-term appreciation rate before making any purchase decisions.
The median home cost in Freeport (zip 61032) is $91,500. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Freeport (zip 61032) is up 14.1%.
Average Age of Homes
- The median age of Freeport (zip 61032) real estate is 60 years old
The Rental Market in Freeport (zip 61032)
- Renters make up 28.5% of the Freeport (zip 61032) population
- 1.7% of houses and apartments in Freeport (zip 61032), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.