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Freedom Plains

Learn about the people, housing, costs and businesses in Freedom Plains, New York

Median Home$425,033
Median Rent$1,152/month
Population473
Leading IndustriesFinance & Insurance · Arts, Food & Hospitality · Information & Media9% finance & insurance
Home Value Growth⬆⬆+13.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableHigh Incomes$126k/year · top 7% nationally
NotableHighly Educated25% bachelor's · 15% graduate · top 18% nationally
Freedom Plains
NY

Frequently Asked Questions

What are today's mortgage rates in Freedom Plains?

As of today, the 30-year fixed mortgage rate for Freedom Plains is approximately 6.864% (6.899% 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 Freedom Plains?

The median home value in Freedom Plains is $425k. The median monthly rent is $1,152. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Freedom Plains?

Home values in Freedom Plains have increased 13.1% 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 Freedom Plains?

Based on a typical all-in ownership cost of $2,181/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $93k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Freedom Plains is $126k/year.

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What industries drive the economy in Freedom Plains?

The largest employment sectors in Freedom Plains are public administration (28%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.