ZIP Code 47431

ZIP code 47431 is classified by USPS as a standard delivery area and covers roughly 95.5 square miles in Freedom, Owen County, Indiana. The area is home to 1,366 residents, producing a population density of 14 people per square mile, and falls within the Indiana/Indianapolis time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 47431 against Indiana and the nation.

On the economic side, the median household income for ZIP 47431 sits at $61,948 (16% below the Indiana average), while per-capita income is $31,038. The poverty rate stands at 10.3% and the unemployment rate at 1.2%. On housing, the median home value is $163,500 (16% below the state average) with median rent at $742 per month, and 88.9% of occupied units are owner-occupied, a direct signal of whether 47431 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 9.5% of adults hold a bachelor's degree or higher, the median age is 32.8, and the average commute is —. We also surface 5 nearby ZIP codes within roughly 10 miles and 5 additional ZIPs sharing Owen County, so you can benchmark 47431 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →