Español

Este sitio también está en español. Leer en español

City · 6,689 residents · Walton County, Florida

Freeport , Florida

In Freeport, a typical home is worth $407,800 and typical rent is $1,859 a month. Compared with all of Walton County, typical household income is 12% higher, typical rent is 7% higher, and the share of households that own their home is 7 points lower.

WhatsApp

  • Typical home value

    $407,800

    4% below the county

    14% above Florida

    • Freeport
    • Walton
    • Florida

  • Typical rent

    $1,859a month

    7% above the county

    11% above Florida

    • Freeport
    • Walton
    • Florida

  • Typical household income

    $91,985a year

    12% above the county

    23% above Florida

    • Freeport
    • Walton
    • Florida

  • Households that own their home

    72%

    7 points below the county

    4 points above Florida

    • Freeport
    • Walton
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$385,940
2.2% less than 12 months ago
Typical rent
$1,969 a month
0.8% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Freeport is in Walton County. The FHA loan limit ($603,750 for a one-unit home), the fair market rents and the help on this page are those of all of Walton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Freeport apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in DeFuniak Springs, the typical home value is $201,400: 51% less than in Freeport ($407,800).

  2. Nearby, in DeFuniak Springs, the typical rent is $1,024: 45% less than in Freeport ($1,859).

  3. 72% of households in Freeport own their home, against 79% in Walton County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Freeport

What homes there are in Freeport, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 78% of homes here, against 57% in Walton County.

Year built

Homes in Freeport are newer: the typical year built is 2014; in Walton County, 2001.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,071 a month

Walton County: $2,100 a month

Without a mortgage

$488 a month

Walton County: $508 a month

Owners with a mortgage

74%

Walton County: 57%

The typical cost for an owner with a mortgage in Freeport is $2,071 a month, near the figure in Walton County ($2,100).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Freeport rose at about the same pace as in Walton County: 83% against 85%.

Rents in Freeport rose at about the same pace as in Walton County: 75% since 2015–2019, against 78%.

The typical household income in Freeport rose 70%: less than home values (+83%) and rent (+75%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFreeportWalton CountyFloridaUnited States
Rental vacancy Unreliable estimate37.9%7.6%5.5%
Homeowner vacancy Unreliable estimate2.4%1.4%0.9%
More than one person per room Unreliable estimate2.3%3.3%3.4%
People per household 2.642.372.512.53
Drive alone 60%69%70%69%
Carpool 19%12%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 18%16%16%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Freeport are bigger: 2.64 people on average; in Walton County, 2.37.

In Freeport, 19% of workers share a car to get to work; in Walton County, 12%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Freeport?

A typical home costs more than the typical income allows

We start with a typical home in Freeport, worth $407,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Freeport, which is $91,985 a year. For that payment to be 28% of income, a household would need to earn about $139,420 a year.

The calculator's FHA and conventional loan limits are those of all of Walton County.

Your numbers

Local data
$

Starts at the typical home value in Freeport. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,273 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,253

at 7.18% · 30 years

Loan amount
$400,414
Total interest
$576,101
Paid off in
November 2056

Includes $6,887 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,146 a month

  • Tight

    $2,146 to $2,760 a month

  • Hard

    more than $2,760 a month

    Your payment · 42%

Compared with the typical household income in Freeport ($91,985 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,253
Principal & interest$2,713
Property tax$190
Home insurance$170
FHA mortgage insurance (MIP)$180

You need at least $14,273 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Freeport and Walton County

Freeport is in Walton County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Freeport's own numbers

Typical home value
$407,800
Typical monthly rent
$1,859
Typical yearly household income
$91,985
Households that own their home
72%
Effective property tax rate
0.56%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Walton County

FHA limit, one-unit home
$603,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,474
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
11%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Walton County.

Everything about Walton County

Buying

Buying a home in Freeport

A typical home in Freeport is worth $407,800: 4% below the county and 14% above Florida. With the typical household income in Freeport ($91,985 a year), a typical home costs 4.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Freeport 4.4 years
  • Walton 5.2 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Walton County

According to FHFA’s house price index, home prices in Walton County rose 119% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Walton County.

Period County Florida U.S.
Last year (2025) +2.7% −0.5% +2.9%
5 years (2020–2025) +60% +60% +47%
10 years (2015–2025) +119% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Freeport next to Walton County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Freeport $407,800
  • Walton $425,100
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Freeport $1,859
  • Walton $1,741
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Freeport $91,985
  • Walton $81,986
  • Florida $74,568
  • United States $80,734
See the full table
Freeport next to Walton County and Florida
Measure Freeport Walton County Florida U.S.
Typical home value $407,800 $425,100 $359,000 $332,700
Typical monthly rent $1,859 $1,741 $1,669 $1,413
Typical yearly household income $91,985 $81,986 $74,568 $80,734
Households that own their home 72% 79% 68% 65%
Typical yearly property tax $2,304 $1,902 $2,730 $3,119
Effective property tax rate 0.56% 0.45% 0.76% 0.94%
Renters with high rent for their income 51% 56% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Walton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Freeport

For a typical $407,800 home in Freeport, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Freeport's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,253a month

    Least cash to close
    Down payment
    $14,273
    Cash to close
    $26,507
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $180

  • Conventional, 5% down $3,178a month

    Down payment
    $20,390
    Cash to close
    $32,624
    Rate
    7.18%
    Mortgage insurance
    PMI · $194

  • Conventional, 20% down, no PMI $2,570a month

    Down payment
    $81,560
    Cash to close
    $93,794
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,947a month

    Down payment
    $61,170
    Cash to close
    $73,404
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Freeport and for Walton County.

Property tax

Effective rate in Freeport

0.56%of the home’s value each year

$2,304 a year for the typical owner in Freeport.

  • Freeport 0.56%
  • Walton 0.45%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Walton County

FEMA does not publish these numbers by city: they are for all of Walton County.

Homes in the high-risk zone
11%
4,608
Of those, with NFIP insurance
70%
County Florida U.S.
Homes in the high-risk zone 11% 13% 3.5%
Of those, with NFIP insurance 70% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Freeport

Typical rent in Freeport is $1,859 a month: 7% above the county. In Freeport, 51% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Walton County, by unit size. To pay the 2-bedroom one ($1,474 a month) without spending more than 30% of your income, you would need to earn $28.35 an hour working full time.

HUD fair market rent for all of Walton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,123 $21.60 $44,920
1 bedroom $1,354 $26.04 $54,160
2 bedrooms $1,474 $28.35 $58,960
3 bedrooms $2,041 $39.25 $81,640
4 bedrooms $2,464 $47.38 $98,560

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Freeport

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Freeport is in ZIP code 32439.

For 2 bedrooms it is $1,440: $34 less than the fair market rent for Walton County ($1,474).

  • 32439 $1,440$1,990

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Freeport when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Freeport

HUD lists 2 buildings with rents for lower incomes in Freeport. These are the largest.

  • Hazelwood 18 Hazelwood Ln, Freeport 32439 25 low-income homes · 2 bd: 25 · In service since 1992 · For families
  • Sun Bay Village 50 Buster Marse Rd, Freeport 32439 25 low-income homes · In service since 1993

See all 7 buildings in Walton County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Freeport

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Walton County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Freeport

No down payment, repair or rent-help program on our list is for Freeport or Walton County. The ones below are statewide in Florida: they work in Freeport the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Freeport

The HUD-approved agencies closest to the center of Freeport, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • University of Florida/Florida Cooperative Extension - Holmes County Cooperative Extension Service

    1169 E Highway 90, Bonifay · 34 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 7 more
    (850) 547-1108

  • City of Panama City Community Development Corporation

    501 Harrison Ave, Panama City · 37 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 872-7231

  • University of Florida/Florida Cooperative Extension - Washington County Cooperative Extension Service

    1424 Jackson Ave, Chipley · 39 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 7 more
    (850) 638-6265

All counseling agencies in Florida

Help in Spanish near Freeport

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Freeport

HUD’s record names them for Freeport or Walton County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

One other authority has an office in Walton County: see the list Source: HUD

Cities

Other cities in Walton County

These cities are also in Walton County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Walton County Housing in Florida

Nearby cities

The cities closest to Freeport, with the typical home value.

Neighboring counties

If Walton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Freeport.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Freeport

Short answers with the numbers for Freeport and all of Walton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Freeport?

The typical home value in Freeport is $407,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Walton County it is $425,100.

How much does it cost to rent in Freeport?

Typical rent in Freeport is $1,859 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Walton County is $1,474.

What is the FHA loan limit in Freeport?

Freeport uses the FHA limit for all of Walton County (2026): $603,750 for a one-unit home and $1,161,050 for a four-unit home.

How much property tax do owners pay in Freeport?

The typical homeowner in Freeport pays $2,304 a year, according to the U.S. Census Bureau. That is 0.56% of the home’s value; in Walton County, the rate is 0.45%.

Where can I find free help to buy or rent in Freeport?

We found no HUD-approved counseling agencies with an office in Walton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).