The typical owner-occupied home in Freetown is worth about $168,300, 23% below the Indiana median of $218,200 and 49% below the national median of $332,700. 90% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Freetown at a glance
| Freetown | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $168,300 | $218,200 | $332,700 |
| Median property tax paid per year | – | $1,614 | $3,119 |
| Median household income | – | $71,957 | $80,734 |
| Homes lived in by their owners | 90% | 71% | 65% |
| Owner homes with a mortgage | 54% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,216 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.1% | 18.1% | 21.0% |
| Median rent | – | $1,062 | $1,413 |
| Median year homes were built | 1966 | 1976 | 1980 |
| Vacant homes | 0.0% | 8.8% | 10.1% |
| Population | 277 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Freetown
At this week's average 30-year rate of 7.11%, buying the median Freetown home of $168,300 with 20% down costs about $1,130 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,410, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $48,434 for the 20%-down payment.
| Down payment | $33,660 |
|---|---|
| Loan amount | $134,640 |
| Principal and interest | $906 |
| Property taxes (1.10% a year) | $154 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,130 |
Change the numbers in the calculator
| Down payment | $5,890 |
|---|---|
| Loan amount | $165,252 |
| Principal and interest | $1,112 |
| Property taxes (1.10% a year) | $154 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,410 |
Change the numbers in the calculator
Questions about home buying in Freetown
What is the median home value in Freetown?
About $168,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Freetown?
For the median home with 20% down at 7.11%, the payment is about $1,130 a month. Keeping that under 28% of gross income takes about $48,434 a year.
More about Freetown
- Mortgage Refinance in Freetown
- Debt Relief in Freetown
- Home Equity Loans in Freetown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data