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Freeport, IL Home Values and Rents

The typical home value in Freeport is $128,352, 612th highest of 696 cities and towns in Illinois. Median rent is $926 a month.

Typical home value
$128,352
612th of 696 in IL
Median rent
$926/mo
Zillow observed rent
Price change, 1 year
+6.0%
Sep 2026
Homeownership
59.1%
IL: 67.1%

Typical home value in Freeport

Zillow Home Value Index, all homes, middle tier

Show as a table
PeriodFreeport
Sep 2026$128,352
Dec 2025$124,096
Dec 2024$114,986
Dec 2023$106,731
Dec 2022$101,082
Dec 2021$95,064
Dec 2020$82,154
Dec 2019$76,061
Dec 2018$69,355
Dec 2017$65,424
Dec 2016$62,036
Dec 2015$60,997
Dec 2014$58,184
Dec 2013$49,856
Dec 2012$56,379

Over five years, Freeport prices changed +39.4%.

Source: Zillow Research · Last updated 09/01/2026

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Fair Market Rents, FY2027

HUD rent standard for Stephenson County, IL

IL rents
Unit sizeMonthly rentvs FY2026
Studio$648-6.6%
1 bedroom$711+1.9%
2 bedrooms$930+1.5%
3 bedrooms$1,179+4.9%
4 bedrooms$1,458+8.6%

Frequently asked questions

What is the typical home value in Freeport, IL?
The typical home value in Freeport is $128,352 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
How much is rent in Freeport?
The median rent in Freeport is $926 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $930.
Are home prices going up in Freeport?
The typical home value in Freeport changed +6.0% over one year and +39.4% over five years, as of Sep 2026.
How does Freeport compare with the rest of Illinois?
Freeport has the 612th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.