Cherry Valley, AR Profile: Facts & Data

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Cherry Valley, Arkansas - Basic Facts

The City of Cherry Valley had a population of 553 as of July 1, 2023. Cherry Valley ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Cherry Valley is located at latitude 35.402 and longitude -90.7532 in Cross County. The formal boundaries for the City of Cherry Valley encompass a land area of 0.87 sq. miles and a water area of 0 sq. miles. Cross County is in the Central time zone (GMT -6).

The City of Cherry Valley has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Cherry Valley is located within Township of Mitchell (historical), a minor civil division (MCD) of Cross County.


Jump to... (On This Page!)
  1. Cherry Valley 2023 Demographic Data
  2. Growth Rates for Cherry Valley (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Arkansas Research Tools (Easy Tools & Current Data)
  3. Arkansas Data Comparison Tool - 2023 Demographics
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Cherry Valley, AR Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 553 (100%)
Population in Households 553 (100.0%)
Population in Families 485 (87.7%)
Population in Group Quarters1 0
Population Density 722
Diversity Index2 29
 
 

INCOME

Median Household Income $44,274
Average Household Income $59,824
% of Income for Mortgage4 10%
Per Capita Income $22,826
Wealth Index5 40
Socioeconomic Status Index6 Moderate (49.5)
 

HOUSING

Total HU (Housing Units) 255 (100%)
Owner Occupied HU 140 (54.9%)
Renter Occupied HU 71 (27.8%)
Vacant Housing Units 44 (17.3%)
Median Home Value $76,056
Average Home Value $95,179
Housing Affordability Index3 248
 

HOUSEHOLDS

Total Households 211
Average Household Size 2.62
Family Households 163
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.19% -0.62%
Households -1.55% -0.29%
Families   -0.75%
Median Household Income   3.53%
Per Capita Income   2.39%
Owner Occupied HU   0.42%

Cherry Valley, AR - Peer Comparisons by Rank and Percentile

The table below compares Cherry Valley to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 269 57th
Population Density # 123 80th
Median Household Income # 364 42nd
Housing Affordability Index # 583 93rd
Per Capita Income # 480 23rd
Diversity Index # 378 40th

Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.

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