Freeport, Florida.
Typical home $385,940 (-2.2% in a year), asking rent $1,969 (-0.8%). Crestview-Fort Walton Beach-Destin, FL metro.
to buy the typical home at today's mortgage rate — +$1,054 (+108%) since Jan 2020.
- 1 year
- Down $8,514 -2%
- $394,454$385,940 since Sep 2025
- 5 years
- Up $33,561 +10%
- $352,379$385,940 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Freeport$2,026
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 38 years.
Typical home values in Freeport, FL fell 2.2% over the past year — slower than the nation's +1.2%.
Asking rents in Freeport, FL fell 0.8% over the past year — slower than the nation's +2.7%.
Owning the typical home in Freeport runs $614/mo more than renting one. The gap peaked at $916 in Oct 2023.
That is $2,583 a month against $1,969 rent: a $2,026 mortgage payment, plus $144 property tax and $413 insurance & upkeep.
Owning vs renting — Freeport
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,583
- Renting$1,969
- Mortgage only$2,026
Property tax · $144/mo 0.45% of value a year — the ACS 2020-2024 median bill over the median home value for Walton County, FL
Insurance & upkeep · $413/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Freeport, Walton County, Florida
Freeport is a city of 5,861 people in Walton County. Half its households earn more than $91,985 a year and half less, against $81,986 across Walton County; 7% of its people live below the poverty line. 72% of its homes are lived in by their owners and 28% are rented. Unemployment in Walton County was 4.3% in August 2026, and the county had 1.8% more jobs in 2025 than the year before. The most residents work in professional services, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Freeport is a small city in Walton County, in the Florida Panhandle, with a population that skews younger than you might expect. Most homes are lived in by their owners, and household incomes run above the county's. Typical home values and rents are high, and a four-year degree is held by a minority of adults. Winters are mild and brief, summers are hot, and snow is rare. Rain falls through the year.
Work. Residents work in professional and business services, in restaurants, hotels and entertainment, in schools, hospitals and social care, and in the building trades. The largest workplaces in Freeport include Publix Super Markets, C.W. Roberts Contracting Freeport Division and Southern Glazers Wine and Spirits. Jobs across Walton County grew over the past year, though unemployment there has edged up a little. Commutes are long, and a good number of people work from home.
Things to do. Four Mile Creek runs in or beside town, a river to paddle or walk along. Eden Gardens State Park, a botanical garden, is a short drive away. Grayton Beach State Park, a protected area, is a longer drive away.
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- 2,534households
- 33%of adults have a degree
- 7%below the poverty line
- 37 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Walton County had 35,416 jobs in 2025, 1.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 62° and lows near 40°; warmest in July, with highs near 92° and lows near 72°. About 65 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the De Funiak Springs East weather station, 16 miles away (NOAA).
Largest workplaces in Freeport
- Publix Super MarketsSupermarkets and other grocery stores192
- C.W. Roberts Contracting Freeport DivisionPavement, highway, road, street, bridge or airport runway, construction119
- Southern Glazers Wine and SpiritsWine and distilled alcoholic merchants and wholesalers102
- R B M Contracting ServicesCulverts, highway, road and street, construction100
- WM Walton County82
- EMRCommercial building construction43
- Hiller Freeport238220 plumbing, heating, and air-conditioning contractors38
- FreeportMail and parcel delivery30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 731 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- HurricanesVery high
- TornadoesRelatively high
- Coastal floodingRelatively moderate
- WildfireRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Freeport’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Walton County and the Crestview-Fort Walton Beach-Destin, FL metro.
Freeport home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Freeport$385,940
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 3 Freeport listings, and the typical home goes pending in 60 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Freeport29.95%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Freeport60
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Freeport311
New listings per month
Sellers arriving at the market.
- Freeport60
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Freeport$420,366
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Freeport97.19%
Zip codes with a Freeport address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Freeport — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.