Freeport, ME
Population 1,544 · Maine
About Freeport, ME
Freeport is a small town located in Maine with a population of 1,544 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,352 per year, which is 36% below the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Freeport features a median home value of $344,100, which is 41% above the national median of $244,900. This positions Freeport in a moderately priced market relative to the rest of the country. Median monthly rent is $1,426, 23% above the national average of $1,163/month. Of the 1,012 total housing units, 39% are owner-occupied (327 units) and 61% are renter-occupied (514 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Freeport shows an unemployment rate of 15.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 23.4%, above the national average of 12.4%. Workers in Freeport have an average one-way commute time of 15.6 minutes, one of the shorter commutes in the region.
Education & Demographics
54.2% of Freeport residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.9% Asian residents, with 9.5% of the population being foreign-born.
How Freeport Ranks in Maine
Cost of Living in Freeport, ME
Compared to national averages, Freeport has a median household income of $48,352 (36% below the national median of $75,149). Home values average $344,100, which is 41% above the national median. Monthly rent at $1,426 is 23% above the US average of $1,163. Within Maine, Freeport's income is 25% below the state average of $64,613, and home values are 37% above the state median of $251,113.
Why Live in Freeport, ME?
Freeport offers a well-educated community where 54.2% of residents hold a bachelor’s degree or higher, and short commute times averaging just 15.6 minutes.
Potential considerations include median household income ($48,352) that falls below the national average. However, Freeport’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Freeport has a population of 1,544 with a median age of 43.3 years. Compare Freeport with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Freeport
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Millinocket | 1,545 | $44,306 | $73,900 | Compare |
| Waldoboro | 1,487 | $66,290 | $277,200 | Compare |
| Randolph | 1,479 | $52,917 | $157,000 | Compare |
| Van Buren | 1,614 | $35,200 | $90,200 | Compare |
| Newport | 1,469 | $42,740 | $162,800 | Compare |
| Fort Fairfield | 1,632 | $46,654 | $145,800 | Compare |
| Kennebunkport | 1,450 | $118,922 | $805,200 | Compare |
| Falmouth | 1,447 | $89,625 | $737,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Freeport With Other Cities
Frequently Asked Questions about Freeport
What is the population of Freeport, ME?
The population of Freeport, ME is 1,544 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Maine.
What is the median household income in Freeport?
The median household income in Freeport, ME is $48,352 per year, which is 36% below the national median of $75,149.
What is the median home value in Freeport?
The median home value in Freeport, ME is $344,100, which is 41% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Freeport?
The median monthly rent in Freeport, ME is $1,426, which is 23% above the national average of $1,163/month.
What is the unemployment rate in Freeport?
The unemployment rate in Freeport, ME is 15.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Freeport, ME a good place to live?
Freeport offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 1,544 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Freeport, ME?
54.2% of residents in Freeport aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Freeport?
Key cost-of-living indicators for Freeport, ME: median home value is $344,100 (41% above national), median rent is $1,426/month, and median household income is $48,352. The home-value-to-income ratio is 7.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Freeport?
The poverty rate in Freeport, ME is 23.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Freeport, ME?
Freeport's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.9% Asian, and 0.2% two or more races. 9.5% of residents are foreign-born.