Altus, AR Profile: Facts & Data

The primary coordinate point for Altus is located at latitude 35.4462 and longitude -93.7624 in Franklin County. The formal boundaries for the City of Altus encompass a land area of 1.81 sq. miles and a water area of 0 sq. miles. Franklin County is in the Central time zone (GMT -6). The elevation is 545 feet.

The City of Altus (GNIS ID: 2403091) 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.

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

POPULATION
Total Population	720 (100%)
Population in Households	720 (100.0%)
Population in Families	595 (82.6%)
Population in Group Quarters¹	0
Population Density	385
Diversity Index²	18


INCOME
Median Household Income	$43,391
Average Household Income	$54,777
% of Income for Mortgage⁴	9%
Per Capita Income	$21,639
Wealth Index⁵	47

HOUSING
Total HU (Housing Units)	353 (100%)
Owner Occupied HU	217 (61.5%)
Renter Occupied HU	87 (24.6%)
Vacant Housing Units	49 (13.9%)
Median Home Value	$91,447
Average Home Value	$138,188
Housing Affordability Index³	309

HOUSEHOLDS
Total Households	304
Average Household Size	2.37
Family Households	211
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.

Altus, AR - Peer Comparisons by Rank and Percentile

The table below compares Altus 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	-0.51%	-0.45%
Households	-0.47%	-0.33%
Families	0.33%	-0.58%
Median Household Income		0.56%
Per Capita Income		1.54%
Owner Occupied HU		0.18%

Variable Description	Rank	Percentile
Total Population	# 247	54th
Population Density	# 289	47th
Median Household Income	# 220	59th
Housing Affordability Index	# 417	77th
Per Capita Income	# 301	44th
Diversity Index	# 373	31st

Altus, AR Profile: Facts & Data

Altus, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Altus, AR - Peer Comparisons by Rank and Percentile

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