Freeport, MN
Population 827 · Minnesota
About Freeport, MN
Freeport is a small community located in Minnesota with a population of 827 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,396 per year, which is 16% above the national median of $75,149. The median age of 29.8 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 $214,600, which is 12% 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 $713, 39% below the national average of $1,163/month. Of the 300 total housing units, 90% are owner-occupied (250 units) and 10% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Freeport shows an unemployment rate of 1.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Freeport have an average one-way commute time of 25.8 minutes.
Education & Demographics
22.9% 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 0.0% White, 1.0% Hispanic or Latino, 0.5% Black or African American, and 9.3% Asian residents, with 6.9% of the population being foreign-born.
Cost of Living in Freeport, MN
Compared to national averages, Freeport has a median household income of $87,396 (16% above the national median of $75,149). Home values average $214,600, which is 12% below the national median. Monthly rent at $713 is 39% below the US average of $1,163. Within Minnesota, Freeport's income is 18% above the state average of $74,221, and home values are 5% above the state median of $204,472.
Why Live in Freeport, MN?
Freeport offers a strong local economy with a median household income of $87,396, well above the national average, and affordable housing with a median home value of $214,600, below the US average of $244,900, and rent that’s lower than the national average at $713/month. Additionally, the city features a strong job market with an unemployment rate of just 1.8%, and a low poverty rate of 2.3%, better than the national average.
Freeport has a population of 827 with a median age of 29.8 years. Compare Freeport with other cities to see how it stacks up, or explore all cities in Minnesota.
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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, MN?
The population of Freeport, MN is 827 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Freeport?
The median household income in Freeport, MN is $87,396 per year, which is 16% above the national median of $75,149.
What is the median home value in Freeport?
The median home value in Freeport, MN is $214,600, which is 12% 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, MN is $713, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Freeport?
The unemployment rate in Freeport, MN is 1.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Freeport, MN a good place to live?
Freeport offers above-average incomes, affordable housing, and a strong job market. With a population of 827 and a median age of 29.8, the city appeals to young professionals and families.
How educated is Freeport, MN?
22.9% 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, MN: median home value is $214,600 (12% below national), median rent is $713/month, and median household income is $87,396. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Freeport?
The poverty rate in Freeport, MN is 2.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Freeport, MN?
Freeport's population is 0.0% White, 1.0% Hispanic or Latino, 0.5% Black or African American, 9.3% Asian, and 1.6% two or more races. 6.9% of residents are foreign-born.