Freeport, MI
Population 615 · Michigan
About Freeport, MI
Freeport is a small community located in Michigan with a population of 615 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,868 per year, which is 3% below the national median of $75,149. The median age of 29.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Freeport features a median home value of $154,900, which is 37% below 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 $1,000, 14% below the national average of $1,163/month. Of the 208 total housing units, 79% are owner-occupied (161 units) and 21% are renter-occupied (42 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Freeport shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.9%, above the national average of 12.4%. Workers in Freeport have an average one-way commute time of 28.1 minutes.
Education & Demographics
17.5% of Freeport residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 8.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 1.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Freeport, MI
Compared to national averages, Freeport has a median household income of $72,868 (3% below the national median of $75,149). Home values average $154,900, which is 37% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Michigan, Freeport's income is 10% above the state average of $66,017, and home values are 16% below the state median of $183,391.
Why Live in Freeport, MI?
Freeport offers affordable housing with a median home value of $154,900, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month, and a strong job market with an unemployment rate of just 2.0%.
Potential considerations include median household income ($72,868) 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 615 with a median age of 29.6 years. Compare Freeport with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Freeport
What is the population of Freeport, MI?
The population of Freeport, MI is 615 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Freeport?
The median household income in Freeport, MI is $72,868 per year, which is 3% below the national median of $75,149.
What is the median home value in Freeport?
The median home value in Freeport, MI is $154,900, which is 37% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Freeport?
The median monthly rent in Freeport, MI is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Freeport?
The unemployment rate in Freeport, MI is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Freeport, MI a good place to live?
Freeport offers a moderate cost of living, affordable housing, and a strong job market. With a population of 615 and a median age of 29.6, the city appeals to young professionals and families.
How educated is Freeport, MI?
17.5% of residents in Freeport aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Freeport?
Key cost-of-living indicators for Freeport, MI: median home value is $154,900 (37% below national), median rent is $1,000/month, and median household income is $72,868. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Freeport?
The poverty rate in Freeport, MI is 14.9%, 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, MI?
Freeport's population is 8.6% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 1.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.