Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,052 people, 842 houses or apartments, and a median cost of homes of $181,433, Freeport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Freeport, accounting for 64.11% of the city's housing units. Other types of housing that are prevalent in Freeport include mobile homes or trailers ( 16.99%), large apartment complexes or high rise apartments ( 8.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.39%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Freeport. Owner-occupied housing accounts for 67.70% of Freeport's homes, and 66.79% have either three or four bedrooms, which is average sized relative to America.
Freeport homes and real estate are some of the newest in America. 52.78% of Freeport's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Freeport real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 34.55%), and between 1940-1969 ( 11.90%).
Vacant housing appears to be an issue in Freeport. Fully 19.19% of the housing stock is classified as vacant. Left unchecked, vacant Freeport homes and apartments can be a drag on the real estate market, holding Freeport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Freeport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Freeport during the period has been just -1.93%, which is lower than 80% of US communities.
Appreciation rates are so strong in Freeport that despite a nationwide downturn in the housing market, Freeport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Freeport appreciation rates continue to be some of the highest in America, at 10.11%, which is higher than appreciation rates in 94.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Freeport. Freeport appreciation rates in the latest quarter were at 2.04%, which equates to an annual appreciation rate of 8.41%.
Importantly, this makes Freeport one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Freeport's latest annual appreciation rate is higher than 60% of the other cities and towns in Florida.
|$918,001 - $1,224,000||0.0|
|$612,001 - $918,000||3.9|
|$490,001 - $612,000||4.9|
|$367,001 - $490,000||9.7|
|$245,001 - $367,000||21.6|
|$122,001 - $245,000||30.3|
|$61,001 - $122,000||13.3|
|$0 - $61,000||14.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Freeport HOMES|
|2000 or Newer||52.8|
|1970 - 1999||34.5|
|1940 - 1969||11.9|
|1939 or Older||0.8|
|TYPE OF Freeport HOMES|
|Small Apt. Buildings||7.4|
|SIZE OF Freeport HOMES|
|5 or more bedrooms||4.13|