Freedom, Indiana.
Typical home $235,210 (+1.7% in a year). Bloomington, IN metro.
to buy the typical home at today's mortgage rate — +$687 (+125%) since Jan 2020.
- 1 year
- Up $3,871 +2%
- $231,339$235,210 since Sep 2025
- 5 years
- Up $49,722 +27%
- $185,487$235,210 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Freedom$1,235
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Freedom, IN rose 1.7% over the past year — faster than the nation's +1.2%.
Living in Freedom, Owen County, Indiana
The Census does not count Freedom on its own, so the figures here are Owen County's. Half the county's households earn more than $62,464 a year and half less; 12% of the county's people live below the poverty line. 81% of the county's homes are lived in by their owners and 19% are rented. Unemployment in Owen County was 3.5% in August 2026, and the county had 2.3% fewer jobs in 2025 than the year before. The most people in Owen County work in manufacturing, then schools and health care.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Freedom is a town in Owen County, in south-central Indiana. Most homes here are lived in by their owners, and the county's residents are, on average, older than the national population. Winters are colder than in most of the country, with snow falling most years, while summers are warm and rain comes often through the year.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in the building trades, or in local shops. Unemployment in the county is a little lower than it was a year ago, though the number of jobs has dipped slightly. Most people drive to work, and relatively few adults hold a college degree or work from home.
Things to do. The Eel River runs a short drive away, which suits a quiet walk or an afternoon by the water. A longer drive takes you to McCormick's Creek State Park, a protected area, and to Cataract Falls, a waterfall.
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- 8,618households
- 45.0median age
- 17%of adults have a degree
- 12%below the poverty line
- 36 mintypical commute
- 10%work from home
What people in Owen County work in
Employed residents by industry, from the Census survey. Owen County had 5,192 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 37° and lows near 20°; warmest in July, with highs near 85° and lows near 64°. About 16 inches of snow and 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Spencer weather station, 8 miles away (NOAA).
Largest workplaces in Owen County
- Boston ScientificInstruments, mechanical microsurgical, manufacturing1,035
- Spencer-Owen Community SchoolsSchool district337FTE
- Owen County GovernmentExecutive and legislative office combinations172
- WalmartDiscount department stores126
- World ArtsCommercial printing52
- Indiana Hardwood SpecialistsWood flooring manufacturing42
- Indiana Limestone FabricatorsCut stone products manufacturing28
- SpencerMail and parcel delivery20
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 7 workplaces with 20 or more staff, 1,475 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LandslidesRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Owen County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Owen County and the Bloomington, IN metro.
Freedom home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Freedom$235,210
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Freedom address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Freedom — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.