Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.6 yrs |
|---|---|
| Avg HH Size | 2.58 |
| Below Poverty | 15.8% ▲ 58% above avg |
| College Grads | 30.6% ▼ 21% below avg |
| Unemployment | 6.1% ▲ 25% above avg |
| No HS Diploma | 19 (0.7%) |
| HS Graduate | 1,048 (37.8%) |
| Some College | 302 (10.9%) |
| Associates | 559 (20.1%) |
| Bachelors | 164 (5.9%) |
| Graduate Degree | 684 (24.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,375 ▼ 20% below avg |
|---|---|
| Median Home Value | $148,500 ▼ 47% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $944/mo |
| Total Housing Units | 2,425 |
| Vacant Units | 611 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Lake Village is a city in Arkansas, located in Chicot County. The city spans 1 ZIP code and is home to approximately 4,765 residents. It is a middle-aged city, with a median age of 38.6 years.
Economically, Lake Village is a solidly middle-class community. The median household income of $61,375 is below the national average. Approximately 15.8% of residents live below the poverty line. The unemployment rate is 6.1%, above the national average.
The real estate market in Lake Village is one of the more affordable housing markets in the country. Median home values stand at $148,500, which is below the national average. Renters typically pay around $944 per month. Homeownership is high at 68.5%, typical of suburban and family-oriented communities.
The population of Lake Village is moderately educated. 30.6% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (53.91%).
Lake Village, AR offers residents a cost-conscious lifestyle within Arkansas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 71653 | 4,765 | $61,375 | $148,500 | $944 | 6.1% | 30.6% | 68.5% |