| ZIP Code | 71631 |
|---|---|
| City | Banks |
| State | Arkansas (AR) |
| County | Bradley County |
| Area Code | 327/870 |
| Elevation | 179 ft |
| Latitude | 33.581916 |
|---|---|
| Longitude | -92.264171 |
| Timezone | Chicago (DST) |
| FIPS | 05011 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.5 yrs ↑ 48% since 2019 |
|---|---|
| Avg Household Size | 2.59 |
| Below Poverty | 21.5% ▲ 115% above avg |
| College Grads | 12.2% ▼ 68% below avg |
| Unemployment | 10.7% ▲ 119% above avg |
| HS Graduate | 203 (71%) |
| Some College | 10 (3.5%) |
| Associates | 38 (13.3%) |
| Bachelors | 29 (10.1%) |
| Graduate Degree | 6 (2.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $34,063 ▼ 55% below avg ↓ 21% since 2019 |
|---|---|
| Median Home Value | $54,100 ▼ 81% below avg ↓ 26% since 2019 |
| Home/Income Ratio | 1.6x (nat avg ~3.5x) |
| Total Units | 350 |
| Vacant Units | 154 |
| Avg HH Size | 2.59 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 350 |
|---|---|
| Vacant | 154 |
| Owner Occupied | 82.7% |
| Renter Occupied | 17.4% |
| Avg HH Size | 2.59 |
ZIP code 71631 is located in Banks, Arkansas, within Bradley County. With a population of 508, this is a sparsely populated ZIP code with a mature community — the median age is 49.5 years. Economically, 71631 is a lower-income ZIP code: the median household income of $34,063 is well below the national average.
Real estate in ZIP code 71631 represents one of the more affordable housing markets in the country. The median home value of $54,100 is well below the national average. Homeownership is strong here — 82.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 26% since 2019.
The population of 71631 is primarily White (81.10%). Residents are less-educated — 12.2% hold a bachelor's degree or higher, which is well below the national average. Poverty affects a significant share of residents at 21.5%. Household income has declined by 21% since 2019.
The unemployment rate in 71631 stands at 10.7%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 71631 in Banks, AR is characterized as lower-income, less-educated, a mature community, and predominantly owner-occupied. With 508 residents, a median household income of $34,063, and a median home value of $54,100, it offers a clear picture of life in this part of Arkansas.