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Freeburg

Learn about the people, housing, costs and businesses in Freeburg, Illinois

Median Home$244,176
Median Rent$1,122/month
Population4,497
Leading IndustriesProfessional Services · Public Administration · Information & Media2% professional services
Home Value Growth⬆⬆+13.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners86% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$98k/year · top 18% nationally
Freeburg
IL

Frequently Asked Questions

What are today's mortgage rates in Freeburg?

As of today, the 30-year fixed mortgage rate for Freeburg is approximately 6.983% (6.992% 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 Freeburg?

The median home value in Freeburg is $244k. The median monthly rent is $1,122. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Freeburg?

Home values in Freeburg have increased 13.7% 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 Freeburg?

Based on a typical all-in ownership cost of $1,392/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Freeburg is $98k/year.

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What industries drive the economy in Freeburg?

The largest employment sectors in Freeburg are public administration (26%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.