Freeport, NY


Highest Appreciating Freeport Neighborhoods Since 2000

Freeport, NY 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Freeport Housing Market Information

With a population of 43,334, 13,347 total housing units (homes and apartments), and a median house value of $332,443, real estate costs in Freeport are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New York communities.

Single-family detached homes are the single most common housing type in Freeport, accounting for 58.75% of the village's housing units. Other types of housing that are prevalent in Freeport include large apartment complexes or high rise apartments ( 29.06%), duplexes, homes converted to apartments or other small apartment buildings ( 10.54%), and a few row houses and other attached homes ( 1.27%).

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 66.68% of Freeport's homes, and 51.36% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Freeport's housing was primarily built during this period, from the '40s through the '60s. A full 52.42% of the village's housing hails from this era. Other housing ages represented in Freeport include homes built before 1939 ( 34.25%) and housing constructed between 1970-1999 ( 12.03%). There's also some housing in Freeport built between 2000 and later ( 1.31%).

Freeport Home Appreciation Rates

Homes have actually lost value in Freeport over the last then years, as home values have seen a decline of 23.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Freeport home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

NeighborhoodScout's data show that during the latest twelve months, Freeport's appreciation rate, at 4.25%, has been at or slightly above the national average. In the latest quarter, Freeport's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Freeport's latest annual appreciation rate is higher than 60% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Freeport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Freeport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Freeport real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,096,000 0.7
$822,001 - $1,096,000 1.0
$548,001 - $822,000 5.0
$439,001 - $548,000 14.8
$329,001 - $439,000 30.0
$219,001 - $329,000 29.0
$110,001 - $219,000 12.7
$55,001 - $110,000 3.4
$0 - $55,000 3.3

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
13.5356849876948 29.7418630751964

Number Of Homes And Apartments:

Freeport Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
48.94% 2.34% 4 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,977 / per month

Homeownership Rate

Owners 66.68
Renters 33.32
Vacant 5.29

Housing Market Details


Age of Homes

2000 or Newer 1.3
1970 - 1999 12.0
1940 - 1969 52.4
1939 or Older 34.2

Types of Homes

Single-Family 58.7
Townhomes 1.3
Small Apt. Buildings 10.5
Apt. Complexes 29.1
Mobile Homes 0.4
Other 0.0

Home Size

No Bedroom 3.68
1 Bedroom 17.25
2 Bedrooms 21.35
3 Bedrooms 34.14
4 Bedrooms 17.22
5 or more bedrooms 6.36