The typical owner-occupied home in Freeland is worth about $522,000, 8% below the Washington median of $564,600 and 57% above the national median of $332,700. Owners pay a median $3,472 a year in property taxes, about 0.67% of their home's value, lower than the Washington rate of 0.81%. The median household earns $83,241 a year, so the median home costs 6.3 times the median income (5.8 times for Washington). 73% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Freeland at a glance
| Freeland | Washington | U.S. | |
|---|---|---|---|
| Median home value | $522,000 | $564,600 | $332,700 |
| Median property tax paid per year | $3,472 | $4,556 | $3,119 |
| Property tax as a share of value | 0.67% | 0.81% | 0.94% |
| Median household income | $83,241 | $98,141 | $80,734 |
| Homes lived in by their owners | 73% | 64% | 65% |
| Owner homes with a mortgage | 52% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,131 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 23.1% | 22.2% | 21.0% |
| Median rent | $1,237 | $1,760 | $1,413 |
| Rent as a share of renters' income | 29.9% | 30.0% | 30.6% |
| Median year homes were built | 1993 | 1985 | 1980 |
| Vacant homes | 32.6% | 7.3% | 10.1% |
| Population | 1,548 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Freeland
At this week's average 30-year rate of 7.11%, buying the median Freeland home of $522,000 with 20% down costs about $3,318 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,188, 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 $142,207 for the 20%-down payment. That payment is 48% of the median Freeland household income of $83,241; at that income and 20% down, the 28% guideline points to a home of about $306,000.
The median rent here is $1,237 a month, so owning the median home costs about $2,081 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $104,400 |
|---|---|
| Loan amount | $417,600 |
| Principal and interest | $2,809 |
| Property taxes (0.67% a year) | $291 |
| Homeowners insurance (our estimate, 0.5% a year) | $218 |
| PMI | $0 |
| Total per month | $3,318 |
Change the numbers in the calculator
| Down payment | $18,270 |
|---|---|
| Loan amount | $512,545 |
| Principal and interest | $3,448 |
| Property taxes (0.67% a year) | $291 |
| Homeowners insurance (our estimate, 0.5% a year) | $218 |
| FHA mortgage insurance | $231 |
| Total per month | $4,188 |
Change the numbers in the calculator
Questions about home buying in Freeland
What is the median home value in Freeland?
About $522,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Freeland?
Homeowners pay a median $3,472 a year, which is about 0.67% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Freeland?
For the median home with 20% down at 7.11%, the payment is about $3,318 a month. Keeping that under 28% of gross income takes about $142,207 a year.
More about Freeland
- Mortgage Refinance in Freeland
- Debt Relief in Freeland
- Home Equity Loans in Freeland
- 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