Freeman, MO
Population 572 · Missouri
About Freeman, MO
Freeman is a small community located in Missouri with a population of 572 residents according to the latest US Census Bureau American Community Survey data. The median household income is $63,750 per year, which is 15% below the national median of $75,149. The median age of 37.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Freeman features a median home value of $148,400, which is 39% below the national median of $244,900. This positions Freeman in a moderately priced market relative to the rest of the country. Median monthly rent is $961, 17% below the national average of $1,163/month. Of the 248 total housing units, 80% are owner-occupied (174 units) and 20% are renter-occupied (44 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Freeman shows an unemployment rate of 10.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Freeman have an average one-way commute time of 38.3 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
15.5% of Freeman 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 1.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Freeman, MO
Compared to national averages, Freeman has a median household income of $63,750 (15% below the national median of $75,149). Home values average $148,400, which is 39% below the national median. Monthly rent at $961 is 17% below the US average of $1,163. Within Missouri, Freeman's income is 4% above the state average of $61,047, and home values are 2% below the state median of $150,786.
Why Live in Freeman, MO?
Freeman offers affordable housing with a median home value of $148,400, below the US average of $244,900, and rent that’s lower than the national average at $961/month, and a low poverty rate of 7.9%, better than the national average.
Potential considerations include median household income ($63,750) that falls below the national average. However, Freeman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Freeman has a population of 572 with a median age of 37.8 years. Compare Freeman with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Freeman
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ravenwood | 571 | $56,500 | $70,000 | Compare |
| Morley | 575 | $44,583 | $59,800 | Compare |
| Bull Creek | 577 | $32,500 | $225,000 | Compare |
| Morrisville | 577 | $51,528 | $123,900 | Compare |
| Walnut Grove | 566 | $45,357 | $127,600 | Compare |
| Doolittle | 579 | $44,500 | $105,200 | Compare |
| Ellsinore | 581 | $48,693 | $153,600 | Compare |
| Martinsburg | 582 | $31,735 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Freeman With Other Cities
Frequently Asked Questions about Freeman
What is the population of Freeman, MO?
The population of Freeman, MO is 572 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Freeman?
The median household income in Freeman, MO is $63,750 per year, which is 15% below the national median of $75,149.
What is the median home value in Freeman?
The median home value in Freeman, MO is $148,400, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Freeman?
The median monthly rent in Freeman, MO is $961, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Freeman?
The unemployment rate in Freeman, MO is 10.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Freeman, MO a good place to live?
Freeman offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 572 and a median age of 37.8, the city appeals to a broad range of residents.
How educated is Freeman, MO?
15.5% of residents in Freeman 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 Freeman?
Key cost-of-living indicators for Freeman, MO: median home value is $148,400 (39% below national), median rent is $961/month, and median household income is $63,750. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Freeman?
The poverty rate in Freeman, MO is 7.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Freeman, MO?
Freeman's population is 1.2% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 1.0% two or more races. 0.3% of residents are foreign-born.