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Freeport, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.8x is exceptionally low

During the 2020–2024 ACS period, Freeport, Illinois had a total population of 23,505, the 100th largest city in Illinois, with a median household income of $51,723, which is 38% lower than the state average. The poverty rate is 19.6%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Freeport Quick Facts

Population 23,505
Median Household Income $51,723
Median Home Value $92,100
Poverty Rate 19.6%
Unemployment Rate 4.5%
Median Age 42.8 years
Homeownership Rate 59.1%
Affordability Ratio 1.8x
Bachelor's Degree or Higher 19.1%
High School Graduation Rate 91.7%
Diversity Index 51/100
Population 23,505 100th of 1,445
Median Income $51,723 bottom 20%
Poverty Rate 19.6% 57% higher than national
Median Home Value $92,100 bottom 30%

How Freeport Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population23,63623,505-0.6%
Median household income$48,181$51,723+7.4%
Median home value$86,100$92,100+7.0%

How Freeport Compares

Economy & Housing

Household Income Distribution

Under $25K 23.4%
$25K-$50K 25.0%
$50K-$100K 29.7%
$100K+ 21.9%
Detailed income brackets
Under $10K
7.7%
$10K-$15K
4.3%
$15K-$20K
5.9%
$20K-$25K
5.6%
$25K-$30K
4.5%
$30K-$35K
5.7%
$35K-$40K
5.4%
$40K-$45K
4.2%
$45K-$50K
5.3%
$50K-$60K
9.0%
$60K-$75K
10.2%
$75K-$100K
10.6%
$100K-$125K
7.1%
$125K-$150K
8.9%
$150K-$200K
2.8%
$200K+
3.2%

Employment

4.5% Unemployment Rate State: 5.8%|National: 5.2%
58.8% Labor Force Participation

Housing Overview

Owner 59.1%
Renter 40.9%
Affordability Index Very Affordable
1.8x home value to income ratio
Median gross rent $793/mo 18.4% of median household income annually

People & Demographics

Diversity Index

51out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 61 | National average: 61

Education

Freeport Rankings in Illinois

#100 Population of 1,445
#1133 Median Income of 1,374
#673 Education of 1,444
#969 Home Value of 1,372

Other Cities in Stephenson County

CityPopulationMedian IncomePovertyHome Value
Lena 2,761 $72,663 3.1% $146,000
Orangeville 1,045 $69,464 10.8% $152,700
Willow Lake 764 $100,568 6.4% $162,200
Pearl City 745 $63,295 6.6% $128,200
Cedarville 690 $67,569 10.9% $125,700
Dakota 645 $55,815 14.5% $115,600
Davis 535 $62,050 6.9% $142,700
German Valley 467 $73,661 6.6% $130,300
Rock City 441 $68,125 4.5% $122,700
Winslow 338 $55,156 27.8% $111,800

Cities Similar to Freeport

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Kankakee23,996$47,514$104,90013.0%25.5%
Loves Park23,502$61,868$160,40025.7%14.4%
Alton25,279$54,568$103,70021.5%21.0%
Zion24,600$63,104$183,80015.1%16.0%
Blue Island21,741$59,489$178,70020.7%17.1%

Population Overview

Freeport is a small city located in Illinois, within Stephenson County. The total population is 23,505. It ranks as the 100th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Freeport is 42.8 years. This is 10% higher than the state median of 39.0 years. 10.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Freeport is $51,723. This is 38% lower than the state median of $83,390. It is also 36% lower than the national median of $80,734. The poverty rate stands at 19.6%. This is 66% higher than the state poverty rate of 11.8%. The unemployment rate is 4.5%. This is 23% lower than the state rate of 5.8%. The median home value is $92,100. Housing costs are 65% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.8x, Freeport is one of the most affordable housing markets in the area. 59.1% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Freeport is White (non-Hispanic), making up 67.8% of the population. Black or African American residents account for 14.6%. The Hispanic or Latino population (7.6%) is well below the state average of 18.8%. The Asian population (1.2%) is well below the state average of 5.9%.

Education

19.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 50% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.7%.

Data Sources & Methodology

All demographic data for Freeport, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Freeport, Illinois?

Freeport, Illinois has a population of 23,505 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Freeport, IL?

The median household income in Freeport is $51,723, which is 36% lower than the national median of $80,734.

What is the poverty rate in Freeport, IL?

The poverty rate in Freeport is 19.6%. This means approximately 4,472 residents live below the federal poverty line.

What is the racial makeup of Freeport, Illinois?

Freeport's population is 67.8% White, 14.6% Black, 7.6% Hispanic/Latino, and 1.2% Asian.

What is the median home value in Freeport, IL?

The median home value in Freeport is $92,100. The home-value-to-income ratio is 1.8x.

How educated is Freeport, Illinois?

19.1% of adults (25+) in Freeport hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.