Freeport

Freeport

Located in Stephenson County

$277,059 Average Value
$80 Average Price per Sq Ft
65 Homes For Sale

'Pretzel City' approaches another economic reinvention

Freeport is a Northwest Illinois city of around 23,000 residents with a proud past and an uncertain future. “Like so many communities this size that had a lot of manufacturing, we’ve lost a lot of industries and businesses,” says Pete Norman, a lifelong Freeport resident and retired Highland Community College athletic director. “It impacts the schools, the tax base, the people that live here. But there’s still a lot of great things, too.”

It is not the first time this city has reckoned with economic reinvention. Bolstered by a significant German immigrant population, Freeport’s pretzel-making prowess propelled the economy in the late 19th century and earned it the nickname “Pretzel City.” Prohibition banned the beer that paired so well with the pretzels and cratered that industry locally, but the nickname still lives on more than a century later.

Freeport’s pretzel-making prowess propelled the economy in the late 19th century.
Freeport’s pretzel-making prowess propelled the economy in the late 19th century.
Freeport City Hall takes care of it's 23,000 residents located in the downtown area.
Freeport City Hall takes care of it's 23,000 residents located in the downtown area.
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Reminders of former manufacturing might remain

Freeport isn’t actually a port city. Though on the banks of the Pecatonica River, the name is attributed to a wisecrack made by the wife of city founder Tutty Baker since he didn’t charge money to ferry travelers across the river.

The Helm Group, a construction contractor, and The Morse Group, an electrical contractor, are two of Freeport’s biggest employers today. FHN Hospital and Freeport School District No. 145 are also major employers. Of the four Honeywell plants that once operated here, only one remains fully up and running.

U.S. Route 20 runs 25 miles east to Rockford, and Illinois Route 26 leads 20 miles north to the Wisconsin state line. Chicago O’Hare International Airport is 100 miles from downtown Freeport.

Honoring Lincoln, Douglas and Wrigley Field

Abraham Lincoln and Stephen A. Douglas held the second debate of their 1858 U.S. Senate campaign in Freeport, and historians cite it as a key factor in Lincoln’s eventual victory in the 1860 presidential election. Lincoln-Douglas Debate Square, later visited by President Theodore Roosevelt in 1903, commemorates the spot of their verbal jousting.

Little Cubs Field, a Little League replica of Wrigley Field complete with bricks and ivy on the outfield wall and built with the Chicago Cubs blessing, is located at Read Park. Krape Park, highlighted by a vintage carousel and a 44-foot-tall waterfall, is the city’s most picturesque greenspace. The city has two public golf courses: Park Hills and The Freeport Club.

Read Park features a miniature replica of Wrigley Field baseball field.
Read Park features a miniature replica of Wrigley Field baseball field.
Lincoln-Douglas Debate Square in Freeport is where the namesake debate took place in 1858.
Lincoln-Douglas Debate Square in Freeport is where the namesake debate took place in 1858.
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Estate homes sell for less than national median price

Freeport’s median home price of around $120,000 is significantly under the national median price of around $400,000. Move-in ready bungalows and Craftsman homes can start around $50,000. Houses within the city limits rarely exceed $350,000, including a 5,600-square-foot Mediterranean-inspired 1920s estate bordering Krape Park that sold in 2024.

Home prices are the lowest in neighborhoods on Freeport’s west side, where the Pecatonica River has flooded more than a half-dozen times since 2017, causing more than $1 million in damages.

A resident walks past a split-level home in Freeport.
A resident walks past a split-level home in Freeport.
Bungalows in Freeport are a common sight in the neighborhood.
Bungalows in Freeport are a common sight in the neighborhood.
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Pretzels provide Freeport pride

Freeport School District No. 145 receives a B-minus rating on Niche. Freeport High School’s nickname is the Pretzels. The football stadium is affectionately known as The Pretzel Bowl, and the team’s slogan is “You can eat us, but you can’t beat us.” Community support for the Pretzels is strong across all sports.

Highland Community College is a popular two-year option for many students in the region.

Freeport High School is a public secondary school located in Freeport, Illinois.
Freeport High School is a public secondary school located in Freeport, Illinois.
Highland Community College is a popular two-year option for many students in Freeport, IL.
Highland Community College is a popular two-year option for many students in Freeport, IL.
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Historic Lindo Theatre remains a downtown gem

The Lindo Theater, named in honor of the Lincoln-Douglas debate when it opened in 1922, is downtown Freeport’s crown jewel and most recognizable landmark. With plenty of other historic buildings in the vicinity, the hope is that Freeport has the infrastructure to key a full-blown shopping and dining revival. Norman says the Greater Freeport Partnership is making progress. “They’re trying to make downtown a calling card, and they’re doing great work,” he says. “People are trying their hearts out to get things going.”

The Lindo Theater is downtown Freeport’s crown jewel and most recognizable landmark.
The Lindo Theater is downtown Freeport’s crown jewel and most recognizable landmark.
St. Joseph Catholic Church in Freeport is a historic building that soars above the skyline.
St. Joseph Catholic Church in Freeport is a historic building that soars above the skyline.
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Pretzel City Brewfest and other events energize downtown

Events are another key element of Freeport's downtown revival. The winter Arctic Ale and Art Walk, springtime Pretzel Fest, summertime Music on Chicago concerts and early autumn Pretzel City Brewfest are among the events adding to the atmosphere.

Burglary rate exceeds national rate

The rate for most property and violent crimes in Freeport is below the national rates. An exception is burglary, which was about 1.5 times higher than the national rate in 2023.

Alex Hickey
Written By
Alex Hickey
Chris Jeong
Photography Contributed By
Chris Jeong
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Video By
Patrick Johnson

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Freeport Housing Trends

Housing Trends

Median List Price
$124,900
Median Sale Price
$117,500
Median Single Family Sale Price
$119,900
Median 2 Bedroom Sale Price
$113,200
Median Change From 1st List Price
3%
Last 12 months Home Sales
539
Median Home Sale Price YoY Change
$8
Average Price Per Sq Ft
$80

Neighborhood Facts

Number of Homes for Sale
65
Months of Supply
1.40

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Freeport Has More Owners

Demographics

Total Population
24,753
Median Age
43
Population Density
52 ppl/acre
Population under 18
23.8%
On par with the national average
23.8%
Population over 65
24.1%
On par with the national average
19.1%

Finances

Median Household Income
$43,420
Significantly below the national average
$71,702
Average Household Income
$58,670

Education and Workforce

High School Graduates
90.1%
College Graduates
20.7%
Below the national average
34.1%
Advanced Degrees
7.1%
% Population in Labor Force
57%
Below the national average
65.1%

Weather

Annual Precipitation
36''
Average Winter Low Temperature
12°F
Average Summer High Temperature
83°F
Annual Snowfall
36''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Freeport
Courtney Martins
DC Rise Real Estate