Freeman, Indiana  Freeman is an unincorporated community in the center of Clay Township, Owen County, in the U.S. state of Indiana. It lies near the intersection of County Road 650 South and Indiana Highway 43, which is a community nearly nine miles south of the city of Spencer, the county seat. Its elevation is 541 feet (165 m), and it is located at (39.1953233 -86.7336153). A post office was established at Freeman in 1866, and remained in operation until it was discontinued in 1915. The community was named after a family of settlers.