Freedom, IN demographics:
population, income, and more

Total population
1,662
18.6% year-over-year change
Median household income
$61,948/yr
5.3% year-over-year change
Housing units
651
14.0% year-over-year change

Freedom population

How many people live in Freedom

Freedom is home to 1,662 residents, according to the most recent Census data. Gender-wise, 53.4% of Freedom locals are male, and 46.6% are female.

Total population
1,662
18.6% year-over-year change
Gender ratio
Male
53.4%
887
Female
46.6%
775
Value Percent YoY change
Male 887 53.4% 15.2%
Female 775 46.6% 22.8%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Freedom is 33, with the population distributed as follows: about 27.7% are children under 15, then 8.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 26.4% of the population, while another 16.9% fall into the 45 to 64 bracket. Finally, around 20.1% are 65 or older.

Median age
32.8
Age breakdown
Under 15
27.7%
15 to 24
8.8%
25 to 44
26.4%
45 to 64
16.9%
Over 65
20.1%
Value Percent YoY change
Under 15 461 27.7% 22.9%
15 to 24 147 8.8% 5.0%
25 to 44 439 26.4% 42.1%
45 to 64 281 16.9% -13.8%
Over 65 334 20.1% 33.1%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Freedom, 98.1% of the population are US-born citizens, while 0.6% have gained naturalized citizenship. At the same time, 1.3% of residents are non-citizens. There’s also a share of 2.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
98.1%
Non-U.S.-born citizens
0.6%
Non-citizens
1.3%
Value Percent YoY change
U.S.-born citizens 1,631 98.1% 18.6%
Non-U.S.-born citizens 10 0.6% 11.1%
Non-citizens 21 1.3% 23.5%
Racial breakdown
White
96.6%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2.1%
Other
1.3%
Value Percent
White 1,606 96.6%
Two or more races 35 2.1%
Other 21 1.3%

Households in Freedom

A peek inside Freedom households

Freedom has 548 households, with an average of 3 members in each. Of these, 65.5% are families, while the remaining 34.5% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
548
19.4% year-over-year change
Average people per household
3
Non-family households
189
Family households
359
Value Percent YoY change
Non-family households 189 34.5% 7.4%
Family households 359 65.5% 26.9%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Freedom

The housing landscape of Freedom

Freedom's housing consists of 651 units, with 90.3% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 9.7% of the housing landscape.

Housing units
651
14.0% year-over-year change
Housing types
Value Percent
1 unit, detached 588 90.3%
Mobile home 63 9.7%
Homes built since 2020
24
% year-over-year change

The age of buildings in Freedom

In Freedom, the median construction year is 1992. Most development happened in the second half of the 20th century. Then, 24.1% of homes were added from 2000 to 2009, 3.7% between 2010 and 2019, and 3.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 48 7.4% 6.7%
Built between 1950 and 1959 27 4.2% -20.6%
Built between 1960 and 1969 81 12.4% 14.1%
Built between 1970 and 1979 25 3.8% -30.6%
Built between 1980 and 1989 110 16.9% 35.8%
Built between 1990 and 1999 155 23.8% -13.9%
Built between 2000 and 2009 157 24.1% 41.4%
Built between 2010 and 2019 24 3.7% 84.6%
Built in 2020 or later 24 3.7% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Freedom occupancy rates

Out of the 548 occupied housing units in Freedom, 88.9% are owner-occupied, while 11.1% are lived in by tenants. Meanwhile, 15.8% of all homes on the local market sit vacant.

Occupied housing units
548
19.4% year-over-year change
Occupancy breakdown
Renter occupied
61
Owner occupied
487
Value Percent YoY
change
Renter occupied 61 11.1% -11.6%
Owner occupied 487 88.9% 24.9%
Unoccupied housing units
15.8%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Freedom housing costs

Housing costs in Freedom come to a median of $769 per month, while tenants specifically pay a median gross rent of $742.

Median housing costs per month
$769/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Freedom
$742/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Freedom

Freedom education at a glance

About 59.9% of the population in Freedom went to high school, while 14.8% pursued college studies. Another 13.9% earned an associate degree and 6.9% hold a bachelor’s. Meanwhile, 2.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 26 2.4% 18.2%
High school diploma 662 59.9% 22.4%
College diploma 163 14.8% -5.2%
Associate degree 154 13.9% 22.2%
Bachelor's degree 76 6.9% 10.1%
Graduate degree 24 2.2% 9.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Freedom

How much people earn in Freedom

The average annual household income in Freedom was $88,624 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +9.1% change from the previous year. At the same time, the median income stood at $61,948, reflecting a +5.3% shift over the same period.

Average household income in Freedom
$88,624/year
9.1% year-over-year change
Median household income in Freedom
$61,948/year
5.3% year-over-year change

Freedom income by age

In Freedom, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $81,140. Those with someone between 45 and 64 in charge, often well established professionally, earn $122,656 overall. Overall, 89.6% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $81,140 4.2%
45 - 64 $122,656 37.6%
Over 65 $50,439 15.7%
Above poverty level
1,373
Below poverty level
159
Value Percent YoY
change
Above poverty level 1,373 89.6% 24.7%
Below poverty level 159 10.4% -29.6%

Employment in Freedom

Workforce and job types in Freedom

50.1% of the working population are employed in professional or administrative positions, while 49.9% are in hands-on or service-based jobs. Also, 9.6% run their own businesses, 78.5% are employed by private companies, and 0.3% work in the public sector.

Workforce demographics

White collar
322
Blue collar
321
Value Percent YoY change
White collar 322 50.1% 22.9%
Blue collar 321 49.9% -0.3%
Employer type
Self employees
9.6%
Private companies
78.5%
Governmental workers
0.3%
Not for profit companies
11.5%
Value Percent YoY change
Self employees 62 9.6% 244.4%
Private companies 505 78.5% 4.1%
Governmental workers 2 0.3% -60.0%
Not for profit companies 74 11.5% -2.6%

Transportation in Freedom

How people get around in Freedom

Commuting methods vary: 96.8% of residents travel by personal vehicle and 3.2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 576 96.8% 5.3%
Walk 19 3.2% 5.6%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Freedom by zipcode?

Zipcode Population Number of households Median income Average income
47431 1,662 548 $61,948 $88,624

Explore more communities

FAQs about Freedom demographics 

What is the total population of Freedom?

Freedom has a total population of 1,662 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +18.6% compared to a year ago.

What is the gender ratio in Freedom?

The gender ratio in Freedom is as follows:
  • 53.4% males (887 residents)
  • 46.6% females (775 residents)

What is the median age in Freedom?

The median age in Freedom is 32.8.

What is the age distribution of the population in Freedom?

The age distribution in Freedom is as follows:
  • Under 15: 27.7% (461 residents)
  • Ages 15-24: 8.8% (147 residents)
  • Ages 25-44: 26.4% (439 residents)
  • Ages 45-64: 16.9% (281 residents)
  • Over 65: 20.1% (334 residents)

What is the racial and ethnic makeup of Freedom?

The racial and ethnic makeup of Freedom is as follows:
  • White: 96.6% (1,606 residents)
  • Black or African American: 0% ( residents)
  • American Indian and Alaska Native: 0% ( residents)
  • Asian: 0% ( residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 2.1% (35 residents)
  • Other: 1.3% (21 residents)

What percentage of the population in Freedom are U.S.-born citizens?

U.S.-born citizens represent 98.1% of the population in Freedom.

How many housing units are there in Freedom?

There are 651 housing units in Freedom, reflecting a +14.0% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Freedom and what is the average household size?

Freedom has a total of 548 households, with an average of 3 people in each.

What is the median household income in Freedom?

Freedom has a median household income of $61,948, representing a +5.3% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Freedom?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 50.1% (322 residents)
  • Blue-collar workers: 49.9% (321 residents)

Places of employment:
  • Self-employed: 9.6% (62 residents)
  • Private companies: 78.5% (505 residents)
  • Governmental workers: 0.3% (2 residents)
  • Not-for-profit companies: 11.5% (74 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025