Fairfield Bay, AR Profile: Facts & Data

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Fairfield Bay, Arkansas - Basic Facts

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The City of Fairfield Bay had a population of 2,040 as of July 1, 2022. Fairfield Bay ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Fairfield Bay is located at latitude 35.5942 and longitude -92.2779 in Van Buren County. The formal boundaries for the City of Fairfield Bay encompass a land area of 15.27 sq. miles and a water area of 0.05 sq. miles. Van Buren County is in the Central time zone (GMT -6). The elevation is 869 feet.

While the primary coordinates for City of Fairfield Bay are located in Van Buren County, it should be noted that the formal boundaries for this community also extend into and Cleburne County.

The City of Fairfield Bay 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 Fairfield Bay is located within Township of Indian Rock, a minor civil division (MCD) of Van Buren County.


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

POPULATION

Total Population 2,040 (100%)
Population in Households 2,013 (98.7%)
Population in Families 1,422 (69.7%)
Population in Group Quarters1 27 ( 1.3%)
Population Density 135
Diversity Index2 16
 
 

INCOME

Median Household Income $44,326
Average Household Income $64,268
% of Income for Mortgage4 14%
Per Capita Income $34,767
Wealth Index5 60
 

HOUSING

Total HU (Housing Units) 1,830 (100%)
Owner Occupied HU 936 (51.1%)
Renter Occupied HU 183 ( 10.0%)
Vacant Housing Units 711 (38.9%)
Median Home Value $118,446
Average Home Value $154,029
Housing Affordability Index3 186
 

HOUSEHOLDS

Total Households 1,119
Average Household Size 1.80
Family Households 616
Average Family Size 2.00
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 -1.45% -0.18%
Households -0.47% -0.14%
Families   -0.20%
Median Household Income   2.75%
Per Capita Income   2.41%
Owner Occupied HU   -0.04%

Fairfield Bay, AR - Peer Comparisons by Rank and Percentile

The table below compares Fairfield Bay 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 # 137 78th
Population Density # 458 27th
Median Household Income # 348 44th
Housing Affordability Index # 326 52nd
Per Capita Income # 77 88th
Diversity Index # 576 8th

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

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