Zip code 47431: Freedom, Indiana

Q: What city is zip code 47431?

47431 is assigned to Freedom, Indiana. The city name is the one the Postal Service prefers for mail addressed to this zip code.

Q: What county is 47431 in?

47431 is in Owen County, Indiana.

Q: What is the population of 47431?

About 1,662 people live in 47431, according to the Census Bureau's American Community Survey.

Q: What is the median household income in 47431?

The median household income in 47431 is $61,948.

Q: What zip codes are near 47431?

The closest zip codes to 47431 are 47427, 47455, 47460, 47471, 47833.

Residential delivery areaOwen CountyEastern Time

Population

1,662

Median household income

$62K

U.S. $81K

Median home value

$164K

U.S. $333K

Median rent

$742/mo

U.S. $1,413

Median age

32.8

U.S. 38.9

Land area

37 sq mi

45 people/sq mi

Boundary is the Census Bureau's ZIP Code Tabulation Area, which closely tracks the postal delivery area.

About 47431

47431 is a rural zip code in Freedom, Indiana (Owen County), covering 37 sq mi of land. About 1,662 people live here, or 45 per square mile. The median resident is 32.8 years old, compared with 38.9 nationally.

The median household earns $61,948 a year, 23% below the national median of $80,734. 10.3% of residents live below the poverty line (U.S.: 12.5%). A typical home is valued at $163,500, or 2.6 years of median household income (U.S.: 4.1 years), which makes homes relatively affordable for local earners. 89% of occupied homes are lived in by their owners, and renters pay a median of $742 a month.

10% of adults hold a bachelor's degree or higher (U.S.: 36%). Commuters average 59.3 minutes each way, and 8% of workers work from home. The most common jobs among working residents are in construction and repair; transportation and moving goods; and healthcare.

How 47431 compares

Sorted from highest to lowest national percentile

Average commute59.3 min
99th
WeaknessU.S. 26.4 min · IN 24.1 min1st of 726 in IN
Residents under 1833.5%
99th
U.S. 22% · IN 23.3%40th of 745 in IN
Homeownership rate88.9%
95th
StrengthU.S. 65.2% · IN 70.6%165th of 742 in IN
Healthcare workers14.6%
94th
U.S. 9.7% · IN 9.8%73rd of 745 in IN
Housing vacancy15.8%
88th
U.S. 10.1% · IN 8.8%106th of 742 in IN
Veterans8.1%
78th
U.S. 6.2% · IN 6.3%223rd of 745 in IN
Residents 65 and older20.1%
74th
U.S. 17.2% · IN 16.8%239th of 745 in IN
Median earnings per worker$55,759
69th
U.S. $49,666 · IN $46,609102nd of 740 in IN
Self-employed workers9.6%
54th
U.S. 10% · IN 8%257th of 745 in IN
Rent-burdened renters51.1%
51st
U.S. 51.1% · IN 48.1%206th of 716 in IN
Poverty rate10.3%
47th
U.S. 12.5% · IN 12.3%346th of 742 in IN
Uninsured rate5.1%
34th
U.S. 8.4% · IN 7.4%425th of 745 in IN
Income inequality (Gini)0.418
34th
U.S. 0.483 · IN 0.452265th of 740 in IN
Median household income$61,948
23rd
U.S. $80,734 · IN $71,957505th of 719 in IN
Per capita income$31,038
21st
U.S. $44,673 · IN $38,351523rd of 744 in IN
Work from home7.5%
19th
U.S. 15.1% · IN 10.7%357th of 745 in IN
Median home value$163,500
13th
U.S. $332,700 · IN $218,200439th of 719 in IN
Foreign-born residents1.9%
11th
U.S. 14.1% · IN 6.3%314th of 745 in IN
Median age32.8
10th
U.S. 38.9 · IN 38.1665th of 745 in IN
Population density45/sq mi
6th
U.S. 95/sq mi · IN 191/sq mi552nd of 745 in IN
Median gross rent$742
4th
U.S. $1,413 · IN $1,062550th of 640 in IN
Broadband access79.2%
4th
WeaknessU.S. 91% · IN 89.9%645th of 742 in IN
Diversity index8.4
3rd
U.S. 61.4 · IN 41.4551st of 745 in IN
Population1,662
2nd
U.S. 334,922,499 · IN 6,851,073494th of 745 in IN
Bachelor's degree or higher9.5%
2nd
WeaknessU.S. 35.7% · IN 29.5%657th of 744 in IN
Unemployment rate1.2%
2nd
StrengthU.S. 5.2% · IN 4.3%612th of 745 in IN
Tech workers0%
1st
U.S. 3.8% · IN 2.5%680th of 745 in IN
Government workers0.3%
1st
U.S. 14.5% · IN 11.7%728th of 745 in IN

Measure	47431	Owen	IN	U.S.	National percentile	Rank in IN
Average commuteWeakness	59.3 min	35.5 min	24.1 min	26.4 min	99th	1st of 726
Residents under 18	33.5%	20.3%	23.3%	22%	99th	40th of 745
Homeownership rateStrength	88.9%	81.4%	70.6%	65.2%	95th	165th of 742
Healthcare workers	14.6%	8.7%	9.8%	9.7%	94th	73rd of 745
Housing vacancy	15.8%	13.1%	8.8%	10.1%	88th	106th of 742
Veterans	8.1%	9.5%	6.3%	6.2%	78th	223rd of 745
Residents 65 and older	20.1%	21.3%	16.8%	17.2%	74th	239th of 745
Median earnings per worker	$55,759	$44,227	$46,609	$49,666	69th	102nd of 740
Self-employed workers	9.6%	10.8%	8%	10%	54th	257th of 745
Rent-burdened renters	51.1%	37.4%	48.1%	51.1%	51st	206th of 716
Poverty rate	10.3%	12.3%	12.3%	12.5%	47th	346th of 742
Uninsured rate	5.1%	6.3%	7.4%	8.4%	34th	425th of 745
Income inequality (Gini)	0.418	0.427	0.452	0.483	34th	265th of 740
Median household income	$61,948	$62,464	$71,957	$80,734	23rd	505th of 719
Per capita income	$31,038	$34,451	$38,351	$44,673	21st	523rd of 744
Work from home	7.5%	9.8%	10.7%	15.1%	19th	357th of 745
Median home value	$163,500	$172,400	$218,200	$332,700	13th	439th of 719
Foreign-born residents	1.9%	0.8%	6.3%	14.1%	11th	314th of 745
Median age	32.8	45	38.1	38.9	10th	665th of 745
Population density	45/sq mi	56/sq mi	191/sq mi	95/sq mi	6th	552nd of 745
Median gross rent	$742	$911	$1,062	$1,413	4th	550th of 640
Broadband accessWeakness	79.2%	81.2%	89.9%	91%	4th	645th of 742
Diversity index	8.4	9.8	41.4	61.4	3rd	551st of 745
Population	1,662	21,604	6,851,073	334,922,499	2nd	494th of 745
Bachelor's degree or higherWeakness	9.5%	16.8%	29.5%	35.7%	2nd	657th of 744
Unemployment rateStrength	1.2%	3%	4.3%	5.2%	2nd	612th of 745
Tech workers	0%	1%	2.5%	3.8%	1st	680th of 745
Government workers	0.3%	9.6%	11.7%	14.5%	1st	728th of 745

The percentile is the share of Americans who live in a zip code with a lower value, so the 50th percentile is typical. Rank 1 is the highest value in the state. Both include zip codes with at least 100 residents. Strengths and weaknesses mark measures in the best or worst fifth nationally, where higher or lower is clearly better (income, poverty, education, commute, broadband, insurance and similar). Measures like age or density are left unmarked.

People

Age

10%

Under 5

23%

5–17

18–24

15%

25–34

11%

35–44

45–54

55–64

12%

65–74

75+

Median age

32.8

Under 18

33.5%

65 and over

20.1%

Race and ethnicity

White96%
Black0%
Hispanic3%
Asian0%
Native American0%
Pacific Islander0%
Other0%
Multiracial0.9%

Diversity index

8.4

U.S. 61.4

Foreign-born

1.9%

U.S. 14.1%

Born in state

84.9%

Language spoken at home (households)

English only

95%

Spanish

Other Indo-European

Asian / Pacific

Other

Households

Households: 548
Average household size: 3
Family households: 65.5%
Married couples: 56.8%
Living alone: 23.7%
Veterans (of adults): 8.1%
Male / female: 53% / 47%

Income and poverty

Household income distribution

<$25k

13%

$25–50k

14%

$50–75k

27%

$75–100k

18%

$100–150k

14%

$150–200k

12%

$200k+

Median household income

47431

$61,948

Owen Co.

$62,464

Indiana

$71,957

United States

$80,734

Per capita income

$31,038

U.S. $44,673

Poverty rate

10.3%

U.S. 12.5%

Households earning $150K+

13.7%

U.S. 23%

Income inequality (Gini)

0.418

U.S. 0.483

Housing

Median home value

47431

$163,500

Owen Co.

$172,400

Indiana

$218,200

United States

$332,700

Median gross rent

47431

$742

Owen Co.

$911

Indiana

$1,062

United States

$1,413

Types of housing

Single-family

90%

2–4 units

5–19 units

20+ units

Mobile home

10%

Boat, RV, van

Housing units: 651
Owner-occupied: 88.9%
Vacant: 15.8%
Median year built: 1992
Median rooms: 5.9
Renters paying 30%+ of income: 51.1%
Renters paying 50%+ of income: 51.1%
Home value to income: 2.6× (U.S. 4.1×)

Work and commute

How people get to work

Drove alone

84%

Carpooled

Transit

Walked

Bicycle

Worked from home

Other

Commute time (one way)

<10 min

10–19

14%

20–29

30–44

13%

45–59

14%

60+

42%

Average commute

59.3 min

U.S. 26.4 min

Unemployment

1.2%

U.S. 5.2%

In labor force

54.5%

U.S. 63.5%

Jobs and careers

What employed residents do, wherever they work

Occupations

Construction and repair

21%

Transportation and moving

19%

Healthcare

15%

Production

10%

Food service

Management

Cleaning and personal care

Sales

Office and admin

Engineering and science

Education

Business and finance

Computer and math

Legal and social services

Arts, media and sports

Police and fire

Farming, fishing and forestry

Industries

Construction

18%

Agriculture and mining

13%

Restaurants and hotels

13%

Health care and social assistance

12%

Manufacturing

12%

Finance, insurance and real estate

Retail

Other services

Admin, support and management

Transportation, warehousing and utilities

Education

Professional and technical services

Wholesale

Public administration

Information

Arts and recreation

Median earnings per worker

$55,759

U.S. $49,666

Self-employed

9.6%

U.S. 10%

Government workers

0.3%

U.S. 14.5%

Nonprofit workers

11.5%

U.S. 8.8%

Median earnings by type of work

Type of work	47431	U.S.
Management, business, science and arts	$55,446	$74,888
Service	$35,375	$26,804
Sales and office	$22,446	$40,476
Construction and maintenance	$66,538	$49,199
Production and transportation	$60,018	$39,989

Education, internet and health coverage

Highest education (adults 25+)

No diploma

11%

High school

51%

Some college

14%

Associate's

15%

Bachelor's

Graduate

High school graduate or higher: 89.1%
Bachelor's degree or higher: 9.5%
Graduate or professional degree: 2.3%
Households with broadband: 79.2%
Cable, fiber or DSL: 39.6%
No internet access: 15%
Without health insurance: 5.1%
Limited-English households: 0%

Geography

City (USPS): Freedom
State: Indiana
County: Owen County
Center point: 39.2452° N, 86.9154° W
Land area: 37 sq mi
Water area: under 0.1 sq mi
Time zone: Eastern Time (UTC-5, UTC-4 in summer)
Zip type: Residential delivery area

Zip codes near 47431

Search by radius

Zip	City	Distance	Population	IncomeMedian income	Home value
47427	Coal City, IN	5 mi	1,014	$74,920	$122,600
47455	Patricksburg, IN	5.2 mi	37	—	—
47460	Spencer, IN	6.9 mi	11,006	$68,447	$193,000
47471	Worthington, IN	8.5 mi	2,755	$69,609	$147,900
47833	Bowling Green, IN	8.5 mi	836	$67,679	$192,200
47841	Clay City, IN	11 mi	2,534	$71,346	$116,300
47868	Poland, IN	12 mi	2,666	$51,409	$159,500
47459	Solsberry, IN	13 mi	3,485	$76,061	$244,100
47840	Centerpoint, IN	14 mi	1,970	$102,991	$170,000
47465	Switz City, IN	14 mi	628	$53,750	$104,500
47439	Koleen, IN · PO box	15 mi	—	—	—
47464	Stinesville, IN	15 mi	297	$64,464	$129,400

Zip codes like 47431 elsewhere

Matched on income, home values, age, density, education, housing and commuting

Questions about 47431

What city is zip code 47431?

47431 is assigned to Freedom, Indiana. The city name is the one the Postal Service prefers for mail addressed to this zip code.

What county is 47431 in?

47431 is in Owen County, Indiana.

What is the population of 47431?

About 1,662 people live in 47431, according to the Census Bureau's American Community Survey.

What time zone is 47431 in?

47431 is in Eastern Time.

What is the median household income in 47431?

The median household income in 47431 is $61,948.

What zip codes are near 47431?

The closest zip codes to 47431 are 47427, 47455, 47460, 47471, 47833.

Demographic figures are 2020–2024 American Community Survey 5-year estimates for ZIP Code Tabulation Area 47431, from the U.S. Census Bureau. Small areas have wide margins of error. How we build these numbers.