Freeport, Illinois.
Typical home $128,352 (+6.0% in a year), asking rent $926 . Freeport, IL metro.
to buy the typical home at today's mortgage rate — +$397 (+143%) since Jan 2020.
- 1 year
- Up $7,305 +6%
- $121,047$128,352 since Sep 2025
- 5 years
- Up $36,299 +39%
- $92,053$128,352 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$674
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Freeport, IL rose 6.0% over the past year — faster than the nation's +1.2%.
Living in Freeport, Stephenson County, Illinois
Freeport is a city of 23,973 people in Stephenson County. Half its households earn more than $51,723 a year and half less, against $64,043 across Stephenson County; 20% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Freeport was 4.4% in August 2026, and Stephenson County had 0.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 city in Stephenson County with a population on the older side, and incomes that run below the county's. Most homes are lived in by their owners, and typical home values and rents are modest. Winters are cold and snowy, summers are warm, and precipitation is steady through the year. Few adults have a four-year degree, and getting to work takes little time.
Work. Many residents work in schools, hospitals and social care, with manufacturing, shops, and restaurants, hotels and entertainment also employing a good number. Among the largest workplaces in Freeport are Freeport Schools, FHN Memorial Hospital and Honeywell. Unemployment is lower than it was a year earlier, and the number of jobs across the county has been roughly flat.
Things to do. The Don Opel Arboretum, a botanical garden, sits in or beside town. Yellow Creek, a river, is a short drive away. White Pines Forest State Park, a protected area, is a longer drive away.
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- 10,841households
- 19%of adults have a degree
- 20%below the poverty line
- 16 mintypical commute
- 10%work from home
What residents work in
Employed residents by industry, from the Census survey. Stephenson County had 17,408 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 28° and lows near 11°; warmest in July, with highs near 82° and lows near 62°. About 34 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Freeport Waste Wtp weather station, 2 miles away (NOAA).
Largest workplaces in Freeport
- Freeport SD 145School district839FTE
- FHN Memorial HospitalGeneral hospital557FTE
- HoneywellRheostats, current carrying wiring device, manufacturing500
- WalmartWarehouse clubs and supercenters364
- Snak-KingPotato chips manufacturing312
- Highland Community CollegeTwo-year college248
- Danfoss Power SolutionsPneumatic cylinders, fluid power, manufacturing205
- City of FreeportPolice departments186
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 26 workplaces with 20 or more staff, 4,042 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. 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
- HailRelatively high
- Cold wavesRelatively high
- Strong windRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- Ice stormsRelatively 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 moderate. 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 Stephenson County and the Freeport, IL 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$128,352
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 5 Freeport listings, and the typical home goes pending in 19 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.
- Freeport22.17%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Freeport19
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Freeport139
New listings per month
Sellers arriving at the market.
- Freeport49
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Freeport$151,007
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Freeport96.63%
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.