Gravette, AR Profile: Facts & Data

The primary coordinate point for Gravette is located at latitude 36.422 and longitude -94.4535 in Benton County. The formal boundaries for the City of Gravette encompass a land area of 13.7 sq. miles and a water area of 0 sq. miles. Benton County is in the Central time zone (GMT -6). The elevation is 1,217 feet.

The City of Gravette 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 Gravette is located within Township 11, a minor civil division (MCD) of Benton County.

Gravette, AR Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,880 (100%)
Population in Households	3,872 (99.8%)
Population in Families	3,255 (83.9%)
Population in Group Quarters¹	8 ( 0.2%)
Population Density	254
Diversity Index²	40


INCOME
Median Household Income	$53,770
Average Household Income	$81,741
% of Income for Mortgage⁴	23%
Per Capita Income	$29,941
Wealth Index⁵	66

HOUSING
Total HU (Housing Units)	1,548 (100%)
Owner Occupied HU	873 (56.4%)
Renter Occupied HU	530 (34.2%)
Vacant Housing Units	145 ( 9.4%)
Median Home Value	$229,112
Average Home Value	$232,606
Housing Affordability Index³	121

HOUSEHOLDS
Total Households	1,403
Average Household Size	2.76
Family Households	991
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Gravette, AR - Peer Comparisons by Rank and Percentile

The table below compares Gravette 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	4.07%	2.74%
Households	4.13%	2.68%
Families		2.64%
Median Household Income		3.53%
Per Capita Income		5.52%
Owner Occupied HU		2.88%

Variable Description	Rank	Percentile
Total Population	# 86	86th
Population Density	# 348	44th
Median Household Income	# 177	72nd
Housing Affordability Index	# 171	27th
Per Capita Income	# 184	71st
Diversity Index	# 262	58th

Gravette, AR Profile: Facts & Data

Gravette, Arkansas - Basic Facts

Gravette, AR Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Gravette, AR - Peer Comparisons by Rank and Percentile

Gravette, AR - Most Popular Things to Do

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