47431 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 47431 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateIndiana
CityFreedom
Time ZoneAmerica/Indiana/Indianapolis
Geo Location39.23883, -86.90057
Population1751
Size96 square miles
Median Family Income$69318.00
Median Home Value$117100.00

Population & Demographics

The following information lists the population statistics and breakdown for the 47431 zip code. The total population is 1751, of which, 942 are male and 809 are female. With a total area of 96 square miles, the population density is 16.5 people per square mile. The median age of the population is 34.1 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
20111506
20121370
20131268
20141201
20151309
20161331
20171267
20181586
20191584
20201463
20211751

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 1669.5%
Age 5-919811.3%
Age 10-141196.8%
Age 15-191176.7%
Age 20-24231.3
Age 25-291307.4%
Age 30-341428.1%
Age 35-39965.5%
Age 40-4446 2.6%
Age 45-49854.9%
Age 50-541307.4%
Age 55-591538.7%
Age 60-64804.6%
Age 65-691206.9%
Age 70-74442.5%
Age 75-79492.8%
Age 80-84160.9%
Age 85 and over372.1%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 0 %
  • Speaks Spanish: 0 %
  • Speaks Other Indo-European Language: 0 %
  • Speaks Pacific Island Languages: 0 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 42.1 %
  • Divorced: 23.2 %
  • Separated (not divorced): 1.2 %
  • Never Married: 31 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 47431 zip code is $69318. This is -12.80% less than the national average. This income places 17.9% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $16784. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0056
$10,000.00 – $14,999.000
$15,000.00 – $24,999.0037
$25,000.00 – $34,999.0021
$35,000.00 – $49,999.0015
$50,000.00 – $74,999.0085
$75,000.00 – $99,999.0046
$100,000.00 – $149,999.0074
$150,000.00 – $199,999,000
$200,000.00 +18

YearMedian Family Income ($ USD)
201148750
201255656
201355455
201455476
201555670
201647115
201745917
201853053
201950521
202056838
202169318

Income Source# of Households
Wage or Salary392
Self Employment79
Social Security177
Dividends, Interest, or Rental69
Retirement138
Other67

Total Insured & Uninsured Individuals: 
  • Families Insure: 1477
  • Families Uninsured: 274
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 138
  • No retirement income: 408

Education

In the 47431 zip code, 84% of individuals over 25 years old have a high school degree or higher, and 12.3% have a bachelors degree or higher. Additionally, 11.1% of individuals 3 years and older are in private school, and 88.9% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 47431 zip, there are an estimated 771 people in the labor force, of which, 763 are employed, and 8 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 48.5 minutes. Of the total people that work, 46 worked from home and 741 commuted. The average number of hours worked is 38.4. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts160
Services103
Sales and Office99
Construction and Maintenance:187
Transportation and Material Moving214





Housing

The median home value for the 47431 zip code is 117100. There is an estimated  546 number of occupied housing units, the median gross rent in is $0 per month, and the average monthly housing costs are estimated to be $689. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00080
$50,000 – $99,00097
$100,000 – $149,999155
$150,000 – $199,99934
$200,000 – $299,99932
$300,000 – $499,99986
$500,000 – $999,9990
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201914
2000 – 2009108
1980 – 1999206
1960 – 197975
1940 – 195944
1939 or earlier99

The median number of rooms in all housing units is 6.2 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $99919
$1,000 – $1,49931
$1,500 – $1,9990
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 300100
300-49960
500-799170
800-99951
1000-149992
1500-199943
2000-24998
2500-299910
3000+0

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%147
20%-24.9%30
25%-29.9%8
30%-34.9%6
35+%51



# of VehiclesHouseholds
None0
196
2196
3+254
Home Heating Characteristics: 
  • Utility Gas: 17.2 %
  • Bottle Tank or LP Gas: 30.2 %
  • Electricity: 30 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0 %
  • All Other: 22.5 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.