Cave Springs, AR Profile: Facts & Data

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Cave Springs, Arkansas - Basic Facts

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The City of Cave Springs had a population of 5,996 as of July 1, 2022. Cave Springs 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 Cave Springs is located at latitude 36.2634 and longitude -94.2319 in Benton County. The formal boundaries for the City of Cave Springs encompass a land area of 6.91 sq. miles and a water area of 0.06 sq. miles. Benton County is in the Central time zone (GMT -6). The elevation is 1,158 feet.

The City of Cave Springs 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 Cave Springs is located within Township 4, a minor civil division (MCD) of Benton County.

Alternate Unofficial Names for Cave Springs: Allen Mill, Cave Spring, Cave Spring Mill.

Jump to... (On This Page!)
  1. Cave Springs 2022 Demographic Data
  2. Growth Rates for Cave Springs (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 - 2022 Demographics
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Cave Springs, AR Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 5,996 (100%)
Population in Households 5,991 (99.9%)
Population in Families 5,325 (88.8%)
Population in Group Quarters1 5 ( 0.1%)
Population Density 773
Diversity Index2 45
 
 

INCOME

Median Household Income $120,091
Average Household Income $160,179
% of Income for Mortgage4 13%
Per Capita Income $55,209
Wealth Index5 176
 

HOUSING

Total HU (Housing Units) 2,037 (100%)
Owner Occupied HU 1,692 (83.1%)
Renter Occupied HU 254 (12.5%)
Vacant Housing Units 90 ( 4.4%)
Median Home Value $303,074
Average Home Value $359,973
Housing Affordability Index3 205
 

HOUSEHOLDS

Total Households 1,947
Average Household Size 3.08
Family Households 1,526
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.

GROWTH RATE / YEAR

2020-2022 2022-2027
Population 3.95% 1.58%
Households 3.88% 1.51%
Families   1.51%
Median Household Income   2.13%
Per Capita Income   1.90%
Owner Occupied HU   1.57%

Cave Springs, AR - Peer Comparisons by Rank and Percentile

The table below compares Cave Springs to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2022 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 # 59 91st
Population Density # 104 84th
Median Household Income # 1 100th
Housing Affordability Index # 387 62nd
Per Capita Income # 1 100th
Diversity Index # 211 66th

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

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