Freeport FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Freeport, FL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Freeport Housing Market Information

With 2,472 people, 1,091 houses or apartments, and a median cost of homes of $205,827, 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 73.71% of the city's housing units. Other types of housing that are prevalent in Freeport include mobile homes or trailers ( 18.64%), duplexes, homes converted to apartments or other small apartment buildings ( 4.68%), and a few row houses and other attached homes ( 1.79%).

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 77.36% of Freeport's homes, and 77.54% 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. 63.49% 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 ( 28.63%), and between 1940-1969 ( 6.32%). There's also some housing in Freeport built before 1939 ( 1.56%).

Vacant housing appears to be an issue in Freeport. Fully 14.90% 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 Home Appreciation Rates

Appreciation rates for homes in Freeport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.23%, which ranks in the top 30% nationwide. This equates to an annual average Freeport house appreciation rate of 3.87%.

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 11.67%, which is higher than appreciation rates in 96.74% 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 3.19%, which equates to an annual appreciation rate of 13.41%.

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 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$205,827

Freeport, FL HOME PRICES

Value Range
> $1,349,000 0.9
$1,012,001 - $1,349,000 0.3
$675,001 - $1,012,000 4.0
$540,001 - $675,000 5.8
$405,001 - $540,000 12.4
$270,001 - $405,000 22.3
$135,001 - $270,000 31.5
$68,001 - $135,000 9.5
$0 - $68,000 13.2

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
38.9956204379562 57.0212765957447

Number Of Homes And Apartments:
1,091

Freeport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
115.95% 3.88%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,122 / per month

Homeownership Rate

Homeownership
Owners 77.36
Renters 22.64
Vacant 14.90

Housing Market Details

 

Age of Homes

AGE OF Freeport HOMES
2000 or Newer 63.5
1970 - 1999 28.6
1940 - 1969 6.3
1939 or Older 1.6

Types of Homes

TYPE OF Freeport HOMES
Single-Family 73.7
Townhomes 1.8
Small Apt. Buildings 4.7
Apt. Complexes 1.2
Mobile Homes 18.6
Other 0.0

Home Size

SIZE OF Freeport HOMES
No Bedroom 0.47
1 Bedroom 2.03
2 Bedrooms 16.54
3 Bedrooms 60.69
4 Bedrooms 16.85
5 or more bedrooms 3.43

Popular Neighborhoods in Freeport

Zip Codes in Freeport, FL