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Freeborn

Learn about the people, housing, costs and businesses in Freeborn, Minnesota

Median Home$202,200
Median Rent$823/month
Population272
Leading IndustriesConstruction · Agriculture & Mining · Public Administration10% construction
Home Value Growth⬆⬆+12.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Freeborn
MN

Frequently Asked Questions

What are today's mortgage rates in Freeborn?

As of today, the 30-year fixed mortgage rate for Freeborn is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Freeborn?

The median home value in Freeborn is $202k. The median monthly rent is $823. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Freeborn?

Home values in Freeborn have increased 12.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Freeborn?

Based on a typical all-in ownership cost of $1,007/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Freeborn is $88k/year.

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What industries drive the economy in Freeborn?

The largest employment sectors in Freeborn are public administration (27%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.