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Freeland Community

Learn about the people, housing, costs and businesses in Freeland Community, Michigan

Median Home$293,126
Median Rent$1,033/month
Population20,377
Leading IndustriesRetail · Wholesale Trade · Education15% retail
Home Value Growth⬆⬆+21.0% over 2 years
Retirees22% of residentsslightly above average
Homeowners84% of occupied units
NotableHighly Educated22% hold a bachelor's degree · top 24% nationally
NotableHigh Incomes$88k/year · top 28% nationally
Freeland Community
MI

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Freeland Community?

As of today, the 30-year fixed mortgage rate for Freeland Community is approximately 6.938% (6.976% 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 Freeland Community?

The median home value in Freeland Community is $293k. The median monthly rent is $1,033. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Freeland Community?

Home values in Freeland Community have increased 21.0% 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 Freeland Community?

Based on a typical all-in ownership cost of $1,078/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Freeland Community is $88k/year.

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What industries drive the economy in Freeland Community?

The largest employment sectors in Freeland Community are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.