The Most Affordable Neighborhoods in Freeport, IL by Home Value

These days, finding an affordable place to live in the Freeport area can be challenging. Home prices in Freeport are now at a median cost of $109,729, lower than the Illinois average of $300,242.

The average cost of rent is $787/mo in Freeport, primarily driven by the current value of real estate in the Freeport area. In Freeport, 36.94% of households rent, and 52.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Freeport is $5,043 per month. Households that rent pay about 15.61% of their income on rent here. Freeport’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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