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Freeport city, IL

ZIP 61032 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61032

Median Home Value
$106,800
Median Rent
$591
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$686/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61032 in Freeport city, IL, a household would need roughly $29,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $686. That sits below the local median household income ($54,179), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.5%-1% vs US avg
x
Vacancy Rate
8.7%-16% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
3.7%-75% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
18.3%-63% vs US avg
x
Mortgage-Free
50.5%+32% vs US avg
x
$106,800
Home Value
$591
Rent
1959
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.8%
  • 1-unit attached4.8%
  • 2-9 units14.0%
  • 10+ units7.3%
  • Mobile home & other4.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,800
Median rent$591
Owner-occupied64.5%
Vacant8.7%
Price-to-income2.0x
Est. income to buy$29,000