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These days, finding an affordable place to live in the Freeborn area can be challenging. Home prices in Freeborn are now at a median cost of $182,059, lower than the Minnesota average of $345,793.
The average cost of rent is $848/mo in Freeborn, primarily driven by the current value of real estate in the Freeborn area. In Freeborn, 20.64% of households rent, and 56.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Freeborn is $6,717 per month. Households that rent pay about 12.63% of their income on rent here. Freeborn’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hartland, MN: higher priced homes
- Manchester, MN: higher priced homes
- Alden, MN: equally priced homes
- Armstrong, MN: equally priced homes
- Wells, MN: less expensive homes
- New Richland, MN: equally priced homes
- Conger, MN: higher priced homes
- Walters, MN: higher priced homes
- Clarks Grove, MN: higher priced homes
- Bancroft, MN: higher priced homes
Cities with Similar Populations
- Farnams, MA: higher priced homes
- Folsom, OK: less expensive homes
- Flo, TX: less expensive homes
- Fletcher, VT: higher priced homes
- Flat Top Mountain, TN: higher priced homes
- Finzel, MD: higher priced homes
- Finesville, NJ: higher priced homes
- Felton, MN: higher priced homes
- Felixville, LA: higher priced homes
- Foraker, OH: less expensive homes
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