47431 Zip Code

April 25, 2024

Zip Code:	47431
City/Town:	Freedom
State:	Indiana

Population:	1,366
Per Capita Income:	$16,668
Mean Household Income:	$45,711

Total Housing Units:	513
Median Home Value:	$82,100
Median Year Homes Built:	1976

Land Area:	37.0 sq miles 95.7 sq kilometers
Water Area:	0.0 sq miles 0.1 sq kilometers

Population Information (47431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

1,366

Male:

708

51.8%

49.2%

Female:

658

48.2%

50.8%

Median Age:

41.6 yrs

37.2 yrs

Under 5 years:

6.0%

6.5%

5 to 9 years:

7.6%

6.6%

10 to 19 years:

201

14.7%

13.8%

20 to 29 years:

141

10.3%

13.8%

30 to 39 years:

139

10.2%

13.0%

40 to 49 years:

199

14.6%

14.2%

50 to 59 years:

197

14.4%

13.6%

60 to 69 years:

175

12.8%

9.4%

70 to 79 years:

101

7.4%

5.4%

80 years and over:

2.6%

3.7%

Housing Information (47431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$82,100

$119,600

Median year homes build:

1976

1971

Median real estate taxes:

$615 / yr.

$1,334 / yr.

Median rent:

$247 / mo.

$519 / mo.

Total households:

513

Family households:

386

75.2%

66.4%

Nonfamily households:

127

24.8%

33.6%

Households with individuals under 18 years:

172

33.5%

33.4%

Households with individuals 65 years and over:

154

30.0%

24.9%

Average household size:

2.7

Average family size:

3.1

Total housing units:

635

Occupied housing units:

513

80.8%

88.6%

Vacant housing units:

122

19.2%

11.4%

For rent:

1.1%

3.1%

Rented, not occupied:

0.2%

For sale only:

3.0%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

10.1%

3.5%

All other vacants:

4.6%

2.8%

Homeowner vacancy rate:

4.1%

2.4%

Rental vacancy rate:

9.2%

Owner-occupied housing units:

445

Population in owner-occupied housing units:

1,180

Average household size of owner-occupied units:

2.7

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

186

Average household size of renter-occupied units:

2.7

2.44

Educational Attainment (47431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

822

Less than 9th grade:

5.6%

6.2%

9th to 12th grade, no diploma:

192

23.4%

8.7%

High school graduate (includes equivalency):

362

44.0%

29.0%

Some college, no degree:

130

15.8%

20.6%

Associate degree:

2.8%

7.5%

Bachelor's degree:

4.5%

17.6%

Graduate or professional degree:

3.9%

10.3%

Percent high school graduate or higher:

71.0%

85.0%

Percent bachelor's degree or higher:

8.4%

27.9%

Income Information (47431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

499

36.5%

50.4%

Median income:

$19,592 / yr.

$27,932 / yr.

Full-time, year-round workers:

236

17.3%

59.7%

Median income:

$27,500 / yr.

$38,349 / yr.

Females 15 years and over with income:

313

22.9%

49.6%

Median income:

$14,875 / yr.

$16,327 / yr.

Full-time, year-round workers:

142

10.4%

40.3%

Median income:

$19,659 / yr.

$28,135 / yr.

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