Black Oak, AR Profile: Facts & Data

The primary coordinate point for Black Oak is located at latitude 35.839 and longitude -90.3682 in Craighead County. The formal boundaries for the Town of Black Oak encompass a land area of 0.45 sq. miles and a water area of 0 sq. miles. Craighead County is in the Central time zone (GMT -6). The elevation is 230 feet.

The Town of Black Oak (GNIS ID: 2405273) 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.

Black Oak, AR Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	296 (100%)
Population in Households	296 (100.0%)
Population in Families	254 (85.8%)
Population in Group Quarters¹	0
Population Density	708
Diversity Index²	16


INCOME
Median Household Income	$45,993
Average Household Income	$62,514
% of Income for Mortgage⁴	8%
Per Capita Income	$25,221
Wealth Index⁵	63

HOUSING
Total HU (Housing Units)	138 (100%)
Owner Occupied HU	91 (65.9%)
Renter Occupied HU	24 (17.4%)
Vacant Housing Units	23 (16.7%)
Median Home Value	$90,625
Average Home Value	$108,146
Housing Affordability Index³	328

HOUSEHOLDS
Total Households	115
Average Household Size	2.57
Family Households	85
Average Family Size	3

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.

Black Oak, AR - Peer Comparisons by Rank and Percentile

The table below compares Black Oak 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	1.62%	1.44%
Households	1.67%	1.52%
Families	1.36%	1.15%
Median Household Income		0.89%
Per Capita Income		0.24%
Owner Occupied HU		1.29%

Variable Description	Rank	Percentile
Total Population	# 378	30th
Population Density	# 147	73rd
Median Household Income	# 172	68th
Housing Affordability Index	# 448	83rd
Per Capita Income	# 154	72nd
Diversity Index	# 399	27th

Black Oak, AR Profile: Facts & Data

Black Oak, Arkansas - Basic Facts

Black Oak, AR Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Black Oak, AR - Peer Comparisons by Rank and Percentile

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