Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 592, 276 total housing units (homes and apartments), and a median house value of $364,492, North Freedom real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Freedom, accounting for 77.90% of the village's housing units. Other types of housing that are prevalent in North Freedom include mobile homes or trailers ( 13.04%), duplexes, homes converted to apartments or other small apartment buildings ( 9.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Freedom. Owner-occupied housing accounts for 85.87% of North Freedom's homes, and 62.32% have either three or four bedrooms, which is average sized relative to America.
The housing in North Freedom was primarily built before 1939 ( 55.43%), making the housing stock in North Freedom some of the oldest overall in America, although there is a range of ages of homes in North Freedom. The next most important housing age is between 1970-1999 ( 30.07%), followed by between 1940-1969 ( 10.51%). There's also some housing in North Freedom built between 2000 and later ( 3.99%).
Appreciation rates for homes in North Freedom have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.94%, which ranks in the top 40% nationwide. This equates to an annual average North Freedom house appreciation rate of 7.39%.
Appreciation rates are so strong in North Freedom that despite a nationwide downturn in the housing market, North Freedom real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Freedom appreciation rates continue to be some of the highest in America, at 8.07%, which is higher than appreciation rates in 70.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Freedom. North Freedom appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that North Freedom's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.
$364,492
for Wisconsin
for nation
276
$1,453 / per month