Gum Springs, AR Profile: Facts & Data

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Gum Springs, Arkansas - Basic Facts

The Town of Gum Springs had a population of 118 as of July 1, 2020.

The primary coordinate point for Gum Springs is located at latitude 34.0673 and longitude -93.0918 in Clark County. The formal boundaries for the Town of Gum Springs encompass a land area of 0.4 sq. miles and a water area of 0 sq. miles. Clark County is in the Central time zone (GMT -6). The elevation is 210 feet.

The Town of Gum Springs (GNIS ID: 2406628) 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 Town of Gum Springs is located within Township of Caddo, a minor civil division (MCD) of Clark County.

Alternate Unofficial Names for Gum Springs: Gumsprings.

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Gum Springs, AR Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 118 (100%)
Population in Households 118 (100.0%)
Population in Families 98 (83.1%)
Population in Group Quarters1 0
Population Density 302
Diversity Index2 51
 
 

INCOME

Median Household Income $49,046
Average Household Income $62,189
% of Income for Mortgage4 0%
Per Capita Income $25,727
Wealth Index5 69
 

HOUSING

Total HU (Housing Units) 75 (100%)
Owner Occupied HU 42 (56.0%)
Renter Occupied HU 12 (16.0%)
Vacant Housing Units 21 (28.0%)
Median Home Value $94,643
Average Home Value $104,878
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 54
Average Household Size 2.19
Family Households 38
Average Family Size 3
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

2010-2020 2020-2025
Population -0.16% -0.51%
Households -0.18% -0.37%
Families 0.26% -0.53%
Median Household Income   0.59%
Per Capita Income   1.27%
Owner Occupied HU   -0.97%

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Gum Springs, AR - Peer Comparisons by Rank and Percentile

The table below compares Gum Springs to the other 540 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2020 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 # 488 10th
Population Density # 347 36th
Median Household Income # 129 76th
Housing Affordability Index # 23 4th
Per Capita Income # 137 75th
Diversity Index # 141 74th

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

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