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Rural ResidenceResidential
$1,116,081$227 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026
Last sold for $641,000 on May 3, 2021

7642 S US HIGHWAY 231

FREEDOM, IN 47431
3
Beds
2
Baths
4,925 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
28 ac
Lot SizeThe size of the land the home sits on, from county records.
2001
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
7
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$1.1M
$1M low$1.2M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$641,000 · May 3, 2021

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,898 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$807,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$54,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$753,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$866,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$807,400

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.39
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
14
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
75
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
89
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
19
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Rural Residence
CountyOWEN
Lot (acres)The size of the land the home sits on, from county records.28.00
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Metal
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Mixed
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Owen Valley Middle SchoolB+
Middle · Grades 7–8 · 9.5 mi
H
Owen Valley Community High SchoolC-
High · Grades 9–12 · 9.5 mi
E
Spencer Elementary SchoolC-
Elementary · Grades PK–6 · 10.3 mi

District: Spencer-Owen Community Schools

Neighborhood · ZIP 47431These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.140
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.119
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.71

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.87%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.12%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.7%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.1,146
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.35 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,465
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,933
Average tempThe average temperature here across a full year.53°F
Annual precipHow much rain and melted snow falls here in a typical year.45 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7642 S Us Highway 231 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Among the most valuable homes in Owen County
  • Costs more per square foot than 84% of homes in Owen County
  • Among the largest homes in Freedom 47431
  • Has a bigger lot than 90% of homes in Owen County
  • Newer than 79% of homes in Owen County

What homes are worth in Freedom 47431

Each bar is how many homes fall in that price range. The marker is this home.

This home
$58K$744K

This home is worth more than almost all homes in Freedom 47431.

How it measures up in Freedom 47431

The dot is this home. The mark in the middle is the typical home in Freedom 47431.

Estimated value$1,116,081
CheaperTypical $227,946Pricier

Pricier than almost all homes nearby

Price per ft²$227
CheaperTypical $160Pricier

Pricier than 80% of homes nearby

Living area4,925 ft²
SmallerTypical 1,364 ft²Bigger

Bigger than almost all homes nearby

Lot size28 ac
SmallerTypical 7.69 acBigger

Bigger than 82% of homes nearby

Year built2001
OlderTypical 1992Newer

Newer than 73% of homes nearby

How 7642 S Us Highway 231 ranks against every home in each area.
MeasureThis homeFreedom 47431Owen County
Estimated valuepricier than$1,116,081almost all homesalmost all homes
Price per ft²pricier than$22780% of homes84% of homes
Living areabigger than4,925 ft²almost all homesalmost all homes
Lot sizebigger than28 ac82% of homes90% of homes
Year builtnewer than200173% of homes79% of homes

About 7642 S Us Highway 231

How much is 7642 S Us Highway 231, Freedom, IN worth?

The TopHap Estimate for 7642 S Us Highway 231, Freedom, IN is $1,116,081 as of Sep 24, 2026. The likely range is $1,024,595 to $1,207,567. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7642 S Us Highway 231, Freedom, IN last sell?

7642 S Us Highway 231, Freedom, IN last sold on May 3, 2021 for $641,000, according to the county's recorded deed.

How big is 7642 S Us Highway 231, Freedom, IN?

7642 S Us Highway 231, Freedom, IN has 3 bedrooms, 2 bathrooms, 4,925 square feet of living space and a 28.00-acre lot.

When was 7642 S Us Highway 231, Freedom, IN built?

7642 S Us Highway 231, Freedom, IN was built in 2001, making it 25 years old. The building has 2 stories.

What schools serve 7642 S Us Highway 231, Freedom, IN?

7642 S Us Highway 231, Freedom, IN is assigned to Owen Valley Middle School (middle), rated B+; Owen Valley Community High School (high), rated C-; Spencer Elementary School (elementary), rated C-. All sit in Spencer-Owen Community Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7642 S Us Highway 231, Freedom, IN compare to other homes in Freedom 47431?

Among the 670 homes in Freedom 47431, it is worth more than almost all of them ($1,116,081 against a typical $227,946), its price per square foot is higher than 80% of them ($227 against a typical $160), it is bigger than almost all of them (4,925 ft² against a typical 1,364 ft²), its lot is bigger than 82% of them (28 ac against a typical 7.69 ac) and it is newer than 73% of them (2001 against a typical 1992). Measured against all of Owen County, it is worth more than almost all homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7642 S Us Highway 231, Freedom, IN?

The 2025 property tax bill for 7642 S Us Highway 231, Freedom, IN was $5,898. The county assessed it at $807,400.

More homes on S Us Highway 231

Closest homes

More homes in Freedom 47431

Assigned schools

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