Freetown, IN
Population 266 · Indiana
About Freetown, IN
Freetown is a small community located in Indiana with a population of 266 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Freetown features a median home value of $117,600, which is 52% below the national median of $244,900. This makes Freetown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 112 total housing units, 84% are owner-occupied (94 units) and 16% are renter-occupied (18 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Freetown shows an unemployment rate of 11.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in Freetown have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Freetown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Freetown, IN
Compared to national averages, Freetown has a median household income of $0 (100% below the national median of $75,149). Home values average $117,600, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Freetown's income is 100% below the state average of $69,330, and home values are 28% below the state median of $163,409.
Why Live in Freetown, IN?
Freetown offers affordable housing with a median home value of $117,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Freetown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Freetown has a population of 266 with a median age of 36.5 years. Compare Freetown with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Freetown
Cities in Indiana with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Freetown
What is the population of Freetown, IN?
The population of Freetown, IN is 266 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Freetown?
The median household income in Freetown, IN is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Freetown?
The median home value in Freetown, IN is $117,600, which is 52% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Freetown?
The median monthly rent in Freetown, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Freetown?
The unemployment rate in Freetown, IN is 11.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Freetown, IN a good place to live?
Freetown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 266 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Freetown, IN?
0.0% of residents in Freetown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Freetown?
Key cost-of-living indicators for Freetown, IN: median home value is $117,600 (52% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Freetown?
The poverty rate in Freetown, IN is 18.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Freetown, IN?
Freetown's population is 0.0% White, 3.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.