The story of this market
The typical home in ZIP 61032 sells for about $119,721, or $75 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 96 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $800 a month.
ZIP 61032 — Freeport
The 61032 housing market remains stable with highly affordable home values compared to the state average. Market activity is characterized by a slow pace of sales and a steady supply of inventory, reflecting a mature, slow-growth economic environment.
This area is well-suited for budget-conscious family buyers and retirees seeking affordable housing options in a small-city environment with access to essential regional services.
Median prices moved up 2.1% year over year.
Homes spend a median of 96 days on market with 6.2 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 17.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 61032, Stephenson County, IL
Freeport School District 145 serves the area, with schools generally reflecting the socioeconomic challenges of the broader Stephenson County region.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather, with flood risks primarily localized near the Pecatonica River.
Economic momentum is driven by local manufacturing and healthcare sectors, with the Northwest Illinois Development Alliance actively promoting regional business retention and expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily rely on personal vehicles for commuting, with US Route 20 serving as the primary corridor connecting Freeport to the Rockford metropolitan area.
The area features several local parks, including Krape Park, which offers trails, gardens, and recreational facilities, alongside proximity to the Pecatonica River for outdoor activities.
The rental market is characterized by a high share of renter-occupied units (35%) and relatively stable, affordable rent trajectories compared to national averages.
The local economy is anchored by manufacturing, healthcare, and retail, with organizations like the Northwest Illinois Development Alliance supporting regional growth.
Transportation is dominated by highway access via US Route 20, with limited public transit options available within the city of Freeport.
Development efforts are focused on downtown revitalization and the maintenance of existing industrial infrastructure.
The Stephenson County Assessor manages property valuations, with assessments typically updated to reflect market conditions and local tax levies.
Parcels are subject to various taxing bodies, including Freeport School District 145, Stephenson County, and local municipal utility districts.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail damage common in Northern Illinois.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major local park featuring gardens, trails, and a carousel.
Provides opportunities for fishing and recreational boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.