A typical Freedom home is worth roughly $323,000
What kind of housing town is Freedom?
Read from the numbers below. The page puts what stands out first.
98% of Freedom households own their home
Half of Freedom’s homes were built before 1995.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 3.8 years of income
About the same as across Illinois. Try your own numbers below.
That’s $5K short of a typical Freedom home.
A two-bedroom rents for about $920 a month here, $1,120 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Freedom’s typical property tax (1.29% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $920
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Carroll County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Freedom vs. its neighbors
Freedom is the 2nd priciest of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Freedom | $323K* | — | $920 | — | $85,938 |
| Cherry Grove-Shannon | $143K* | — | $950 | — | $74,191 |
| Lake Carroll | $349K* | — | $920 | — | $108,750 |
| Mount Carroll | $87K* | — | $920 | 0 | $58,500 |
| Mount Carroll | $155K | +12.4% | $940 | — | $53,558 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Freedom buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.