47431 ZIP Code – Freedom, Indiana
47431 is a ZIP code serving Freedom, Indiana in Owen County with a population of approximately 1,689 residents. The median household income is $64,375 — near the Indiana average and near the national average. Median home values of $120,400 are well below the national average, with 88.9% owner-occupied housing (decreasing). , with median rent coming in at $1,063 — near the national figure. Housing consists of 92% single-family (increasing).
The area reports an unemployment rate of 1.4%, well below the national average. About 17.0% of residents live below the poverty line, above the national rate. About 10.3% of residents have completed a four-year degree, well below the national rate. The median age is 35.0, below the national median. The surrounding area includes ZIP codes 47455, 47427, 47460.
ZIP Code 47431 Data
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ZIP 47431 vs. Indiana vs. U.S.
| Metric | ZIP 47431 | IN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 1,689 | 8,642 | 10k |
| Median Household Income | $64k | $69k | $73k |
| Median Home Value | $120k | $165k | $258k |
| Median Rent | $1,063 | $898 | $1,088 |
| Median Age | 35.0 | 41.0 | 43.2 |
| Unemployment Rate | 1.4% | 4.2% | 5.0% |
| Poverty Rate | 17.0% | 11.3% | 13.3% |
| Bachelor's Degree or Higher | 10.3% | 21.0% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 47455 – Patricksburg
- 47427 – Coal City
- 47460 – Spencer
- 47471 – Worthington
- 47833 – Bowling Green
- 47841 – Clay City
- 47868 – Poland
- 47459 – Solsberry
- 47840 – Centerpoint
- 47464 – Stinesville
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 47455 | PATRICKSBURG | 35 | Not provided |
| 47427 | COAL CITY | 865 | $83,594 |
| 47460 | SPENCER | 11,442 | $59,427 |
| 47471 | WORTHINGTON | 3,260 | $57,321 |
| 47833 | BOWLING GREEN | 964 | $94,559 |