The typical owner-occupied home in New Freeport is worth about $125,000, 51% below the Pennsylvania median of $254,500 and 62% below the national median of $332,700. The median household earns $71,500 a year, so the median home costs 1.7 times the median income (3.3 times for Pennsylvania). 91% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
New Freeport at a glance
| New Freeport | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $125,000 | $254,500 | $332,700 |
| Median property tax paid per year | – | $3,311 | $3,119 |
| Median household income | $71,500 | $77,971 | $80,734 |
| Homes lived in by their owners | 91% | 69% | 65% |
| Owner homes with a mortgage | 50% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $900 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 19.4% | 21.0% |
| Median rent | – | $1,209 | $1,413 |
| Median year homes were built | 1975 | 1965 | 1980 |
| Vacant homes | 38.9% | 9.2% | 10.1% |
| Population | 63 | 13,018,639 | 334,922,499 |
What a typical home costs per month in New Freeport
At this week's average 30-year rate of 7.11%, buying the median New Freeport home of $125,000 with 20% down costs about $839 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,048, 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 $35,973 for the 20%-down payment. That payment is 14% of the median New Freeport household income of $71,500; at that income and 20% down, the 28% guideline points to a home of about $248,000.
| Down payment | $25,000 |
|---|---|
| Loan amount | $100,000 |
| Principal and interest | $673 |
| Property taxes (1.10% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| PMI | $0 |
| Total per month | $839 |
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| Down payment | $4,375 |
|---|---|
| Loan amount | $122,736 |
| Principal and interest | $826 |
| Property taxes (1.10% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $52 |
| FHA mortgage insurance | $55 |
| Total per month | $1,048 |
Change the numbers in the calculator
Questions about home buying in New Freeport
What is the median home value in New Freeport?
About $125,000 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 New Freeport?
For the median home with 20% down at 7.11%, the payment is about $839 a month. Keeping that under 28% of gross income takes about $35,973 a year.
More about New Freeport
- Mortgage Refinance in New Freeport
- Debt Relief in New Freeport
- Home Equity Loans in New Freeport
- 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