Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.0 yrs |
|---|---|
| Avg HH Size | 3.05 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 25.5% ▼ 34% below avg |
| Unemployment | 1.4% ▼ 72% below avg |
| No HS Diploma | 22 (2.6%) |
| HS Graduate | 355 (41.7%) |
| Some College | 166 (19.5%) |
| Associates | 91 (10.7%) |
| Bachelors | 126 (14.8%) |
| Graduate Degree | 91 (10.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $58,826 ▼ 23% below avg |
|---|---|
| Median Home Value | $135,600 ▼ 51% below avg |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $730/mo |
| Total Housing Units | 571 |
| Vacant Units | 112 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Freedom is a city in Indiana, located in Owen County. The city spans 1 ZIP code and is home to approximately 1,401 residents. It is a relatively young city, with a median age of 35 years.
Economically, Freedom is a solidly middle-class community. The median household income of $58,826 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 1.4%, well below the national average.
The real estate market in Freedom is one of the more affordable housing markets in the country. Median home values stand at $135,600, which is well below the national average. Renters typically pay around $730 per month. Homeownership is high at 85.0%, typical of suburban and family-oriented communities.
The population of Freedom is moderately educated. 25.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (93.65%).
Freedom, IN offers residents a cost-conscious lifestyle within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47431 | 1,401 | $58,826 | $135,600 | $730 | 1.4% | 25.5% | 85.0% |