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Housing in Freedom

A typical Freedom home is worth roughly $231,000

Typical home value
$231K
MN $351K
Estimate
2-bedroom rent
$1,230
a month, utilities in · HUD
Median tax bill
$1,443
MN $3,357

What kind of housing town is Freedom?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Freedom

Try your own numbers below.

You could afford about
$341,000
Typical Freedom home $231K

That covers a typical Freedom home, with $110K to spare.

The typical home, each month
$1,410
Loan $1,140Tax $200Insurance $70

A two-bedroom rents for about $1,230 a month here, $180 less than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Minnesota typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

91% of Freedom households own their home

Half of Freedom’s homes were built before 1976.

Owners and renters
Own 91%Rent 9%

Minnesota: 72% own.

1976
typical home built · MN 1979
$1,443
median property tax bill · MN $3,357

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,230

Fair Market Rent a month, utilities included

Studio$980
1 bedroom$1,000
2 bedrooms$1,230
3 bedrooms$1,710
4 bedrooms$2,000
9%
of households rent · MN 28%
6
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Mankato, MN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Freedom vs. its neighbors

The towns that share a border with Freedom. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentNew homes 2025Median income
Freedom$231K*—$1,230—$160,500
Alton—+2.2%†$1,060—$108,750
Waldorf$215K+6.3%$1,0302$48,000
Wilton—−2.6%†$1,050—$100,833

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.

Town Square →
Weigh in
Is Freedom still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

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.

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