PlainZIP

Freedom, IN · standard

ZIP Code 47431

Owen County, Indiana - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

1,366
14/sq mi
$61,948
Median income
$163,500
Median home value
9.5%
Bachelor's or higher

The verdict

Freedom pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.

33th pct
household income, US ZIPs
31th pct
home value, US ZIPs
14
people per sq mi
89%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 47431 against every reporting US ZIP.

ZIP code 47431 is a sparsely populated ZIP (a standard USPS delivery area) in Freedom, Owen County, Indiana, home to just 1,366 residents across 95.5 square miles, a density of 14 people per square mile, in the Indiana/Indianapolis time zone.

ZIP 47431 reports a modest median household income of $61,948 (16% below the Indiana average), while per-capita income is $31,038. Poverty here runs at 10.3%, with unemployment measured at 1.2%. Median home value sits at $163,500 (16% below the state average), median rent at $742 a month, and owner-occupancy at 88.9%.

Formal educational attainment runs low here: just 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 on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 47431, Freedom, IN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.

Quick Facts

1,366

Population

95.5

Area (sq mi)

14

People / sq mi

Indiana/Indianapolis

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 47431?

32.8

Median Age

53.4%

Male

46.6%

Female

1.9%

Foreign-Born

White 96.6%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.1%
Hispanic or Latino 3.4%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$61,948

Median Household Income

-16% vs state

$31,038

Per Capita Income

10.3%

Poverty Rate

1.2%

Unemployment Rate

How ZIP 47431 ranks nationally

Freedom, IN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$61,948 33rd percentile higher than 33% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 60.7%
Bachelor's Degree or Higher 9.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

651

Total Housing Units

548

Occupied Units

103

Vacant Units

3.03

Avg Household Size

Occupancy Type

Owner 88.9%
Renter 11.1%

$163,500

Median Home Value

-16% vs state

$742

Median Rent

1992

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 11 business establishments in ZIP 47431, employing approximately 45 people with a combined annual payroll of $2,697,000.

11

Businesses

45

Employees

$2.7M

Annual Payroll

2

Industry Sectors

Industry Establishments % of Total
Construction 3 27.3%
Professional, scientific, and technical services 3 27.3%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 47431 vs 47427 →

ZIP 47431 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 47431 ranks #3 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 47431 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 47431 ranks #5 of 5 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
47427 Coal City, IN 1,093 6.1 mi
47455 Patricksburg, IN 124 6.1 mi
47460 Spencer, IN 11,471 6.7 mi
47833 Bowling Green, IN 1,010 9.3 mi
47471 Worthington, IN 2,727 8.6 mi

More ZIP Codes in Owen County

47460 standard
Spencer, IN
Pop: 11,471
47868 standard
Poland, IN
Pop: 2,937
47427 standard
Coal City, IN
Pop: 1,093
47833 standard
Bowling Green, IN
Pop: 1,010
47455 standard
Patricksburg, IN
Pop: 124

Related Areas

Owen County Freedom, IN Indiana

Frequently Asked Questions

What county is ZIP code 47431 in? ▼
ZIP code 47431 (Freedom) is located in Owen County, Indiana. Owen County contains multiple ZIP codes, see the full list at /counties/owen-in.
What is the population of ZIP code 47431? ▼
ZIP code 47431 in Freedom, IN has a population of 1,366 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 47431? ▼
The median household income in ZIP 47431 is $61,948, which is 19% below the national average of $76,288.
What is the average home value in ZIP 47431? ▼
The median home value in ZIP 47431 is $163,500, which is 41% below the national average of $278,155.
What is the demographic makeup of ZIP 47431? ▼
The largest racial group in ZIP 47431 is White at 96.6%. Hispanic or Latino residents make up 3.4% of the population.
How many businesses are in ZIP code 47431? ▼
ZIP code 47431 has 11 business establishments employing approximately 45 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 47431? ▼
In ZIP code 47431, 60.7% of residents aged 25+ have a high school diploma or higher, and 9.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 47431? ▼
In ZIP code 47431, approximately 88.9% of occupied housing units are owner-occupied and 11.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 47431? ▼
The poverty rate in ZIP code 47431 is 10.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.