HomeIllinoisStephenson CountyFreeport city
Freeport city, Illinois: commercial real estate data.
Freeport city is a Census city of 23,505 people across 11.87 square miles of land, in Stephenson County. Median household income is $51,723, 59.1 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $7.0 m.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Freeport
What Freeport is
- Census place typecity
- Land area11.87 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,981
- County holding the largest share of its areaStephenson County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Freeport
How many people live in Freeport
- Population23,505
- Median age42.8
- Population under 184,977
- Share under 1821.2 percent
- Population 65 and over5,652
- Share 65 and over24.0 percent
- Households10,841
- Family households5,780
- Share of households that are families53.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Freeport
Income and work in Freeport
- Median household income$51,723
- Per capita income$31,004
- Civilian labor force10,996
- Employed10,504
- Unemployed492 plus or minus 224
- Unemployment rate4.5 percent plus or minus 2.0
- Adults 25 and over16,590
- Adults 25 and over with a high school diploma or higher91.7 percent
- Adults 25 and over with a bachelor degree or higher19.0 percent
- Adults 25 and over with a graduate degree6.2 percent plus or minus 1.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Freeport
Housing in Freeport
- Housing units12,056
- Occupied units10,841
- Vacant units1,215
- Vacancy rate10.1 percent
- Owner occupied6,402
- Renter occupied4,439
- Ownership rate59.1 percent
- Median owner-occupied home value$92,100
- Median gross rent, monthly$793
- Annual rent as a share of median income18.4 percent
- Single family units8,604
- Share single family71.4 percent
- Units in buildings of two or more2,831
- Share in buildings of two or more23.5 percent
- Mobile homes621 plus or minus 211
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Freeport
How Freeport gets to work
- Workers 16 and over who commute9,405
- Commuting under 15 minutes6,075
- Share commuting under 15 minutes64.6 percent
- Commuting 30 minutes or more1,861
- Share commuting 30 minutes or more19.8 percent
- Drove alone74.4 percent
- Carpooled10.0 percent plus or minus 2.9
- Public transport1.0 percent plus or minus 0.7
- Walked2.5 percent plus or minus 1.1
- Worked from home10.1 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Freeport
SBA loans in Freeport (7(a))
- Approvals18
- Gross approval$7,016,100
- Average approval$389,783
- Median approval$50,000
- Ninetieth percentile approval$1,730,000
- Largest approval$2,467,000
- Jobs supported65
- Jobs per approval3.6
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises27.8 percent
- Distinct lenders6
- Distinct industries by NAICS14
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Freeport
SBA loans in Freeport (504)
- Approvals11
- Gross approval$7,043,000
- Average approval$640,273
- Median approval$408,000
- Largest approval$2,210,000
- Jobs supported96
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Freeport
Flood risk in Freeport
- Listed NFIP communities1
- Of those, participating1
- NFIP community number170640
- Currently effective map date03/16/15
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Stephenson County, not Freeport
Stephenson County context, not Freeport figures
These are Stephenson County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Freeport measurements.
- Establishments in Stephenson County1,003
- Employment at those establishments, Stephenson County15,626
- Covered employment, Stephenson County17,367
- Average annual pay, Stephenson County$55,932
- Average weekly wage, Stephenson County$1,076
- Housing units permitted, Stephenson County5
- Of those, single family, Stephenson County5
- County product, 2024, Stephenson County$2,485,213,000
- County product change over the prior year, Stephenson County6.2 percent
- Average income of an arriving household, Stephenson County$49,710
Every figure in this section is published for Stephenson County as a whole and is not a measurement of Freeport. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Freeport questions, answered from the record.
How many people live in Freeport, Illinois?
23,505, in 10,841 households. Freeport city covers 11.87 square miles of land, which is 1,981 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Freeport in?
Stephenson County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Freeport?
$51,723. The median owner-occupied home is valued at $92,100. Median gross rent is $793 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Freeport businesses?
18 7(a) approvals totalling $7.0 m, across 6 lenders, median approval $50,000, plus 11 504 approvals worth $7.0 m. These count approvals to borrowers whose address is in Freeport, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Freeport borrowers get paid back?
No rate is published for Freeport. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Freeport in the National Flood Insurance Program?
Yes. Freeport appears in the FEMA Community Status Book as community 170640, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Freeport figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Stephenson County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Freeport.
Is zoning published for Freeport?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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