Freeport, IL home prices
Typical home $160,510 · +8.5% in a year · income needed $54,200
The Freeport, IL metro area ranks 792 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +8.5% in a year and +47.9% over five years. With 20% down at 7.11%, the typical home costs about $1,265 a month including 2.4% property tax (Stephenson County rate).
Mortgage on the typical Freeport home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,102 | $128,408 | $864 | $0 | $402 | $1,265 | $54,200 |
| 10% down | $16,051 | $144,459 | $972 | $60 | $402 | $1,433 | $61,400 |
| 5% down | $8,026 | $152,485 | $1,026 | $64 | $402 | $1,491 | $63,900 |
| 3.5% down (FHA) | $5,618 | $157,603 | $1,060 | $71 | $402 | $1,533 | $65,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.4% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Freeport area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Stephenson County, IL | $160,455 | +8.4% | 2.4% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Freeport?
The typical home in the Freeport, IL metro area is worth $160,510 (Zillow, September 2026).
What salary do you need to buy a house in Freeport?
About $54,200 a year for the typical home with 20% down at 7.11%.