Freeport, MN
Population 827 · Minnesota
About Freeport, MN
Freeport is a small community in Minnesota with a population of 827 residents. The median household income is $87,396 per year, which is above the national average. The median age in Freeport is 29.8 years.
Housing in Freeport has a median home value of $214,600 and median monthly rent of $713. Of the 300 total housing units, the majority are owner-occupied, with 250 owner-occupied and 29 renter-occupied units.
The unemployment rate in Freeport is 1.8% and the poverty rate is 2.3%. 22.9% of residents hold a bachelor's degree or higher. The average commute time is 25.8 minutes.
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 Census data.
What is the median household income in Freeport?
The median household income in Freeport, MN is $87,396 per year.
What is the median home value in Freeport?
The median home value in Freeport, MN is $214,600.
What is the average rent in Freeport?
The median monthly rent in Freeport, MN is $713.
What is the unemployment rate in Freeport?
The unemployment rate in Freeport, MN is 1.8%.