Freeport, New York Housing Market Prices
Freeport Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 64% above the New York median$774,071
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Median rent 28% above the New York median$2,078
Housing Market Overview
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $774,071 | $471,885 | $248,835 |
| Price Trend (Annual %) | 11.9% | 7.1% | 7.5% |
| Median Gross Rent | $2,078 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Freeport is about 64% higher than in New York. Rent is about 28% higher than the New York average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Freeport, up about 11.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Freeport rose about 52.9% between 2015 and 2024, from $1,359 to $2,078. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 6.5 yearly household incomes in Freeport.
Buying the median-priced home in Freeport costs roughly 31.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Freeport. The price-to-rent ratio in New York is about 24.3.
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $774,071 | $471,885 | $248,835 |
| Median Household Income | $118,701 | $86,556 | $80,455 |
| Price-to-Income Ratio | 6.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Freeport rose about 138.1%, while median household income rose about 59.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 48.8% | 58.5% |
| Rental Rate | 27.0% | 41.1% | 31.2% |
| Vacancy Rate | 5.7% | 10.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Freeport has a homeownership rate of 67.3%, higher than the New York average of 48.8%. Its housing vacancy rate is 5.7%, compared with 10.1% in New York.
Housing Stock
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.11 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1954 | 1960 | 1978 |
| Median Number of Rooms | 6.0 | 5.0 | 5.5 |
The typical housing unit in Freeport was built around 1954. On average, 3.1 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Freeport, New York.
What is the median home price in Freeport, New York?
The median home price in Freeport, New York is $774,071, higher than the New York average of $471,885.
What is the average home price in Freeport, New York?
The typical home price in Freeport, New York, reported as the median sale price, is $774,071. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Freeport, New York?
The median gross rent in Freeport, New York is $2,078 per month, higher than the New York average of $1,621.
What was the median gross rent in Freeport in 2020?
In 2020, the median gross rent in Freeport, New York was $1,664 per month.
What is the price-to-rent ratio in Freeport, New York?
The price-to-rent ratio in Freeport, New York is about 31.0, meaning it would take roughly 31.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Freeport.
Are home prices or rent rising faster in Freeport, New York?
Both home prices and rent are rising in Freeport, up about 11.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Freeport, New York?
67.3% of households in Freeport, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Freeport, New York?
The housing vacancy rate in Freeport, New York is 5.7%, lower than the New York average of 10.1%.
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