Lafe, AR Profile: Facts & Data

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Lafe, Arkansas - Basic Facts

The Town of Lafe had a population of 529 as of July 1, 2020. Lafe 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 Lafe is located at latitude 36.2042 and longitude -90.514 in Greene County. The formal boundaries for the Town of Lafe encompass a land area of 2.1 sq. miles and a water area of 0 sq. miles. Greene County is in the Central time zone (GMT -6). The elevation is 315 feet.

The Town of Lafe (GNIS ID: 2405966) 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 Lafe is located within Township of Breckenridge (historical), a minor civil division (MCD) of Greene County.

Alternate Unofficial Names for Lafe: Loulyma, Newberry, Ramers Chapel, Upper Lafe.

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

POPULATION

Total Population 529 (100%)
Population in Households 529 (100.0%)
Population in Families 459 (86.8%)
Population in Group Quarters1 0
Population Density 260
Diversity Index2 9
 
 

INCOME

Median Household Income $52,818
Average Household Income $60,657
% of Income for Mortgage4 7%
Per Capita Income $23,052
Wealth Index5 63
 

HOUSING

Total HU (Housing Units) 206 (100%)
Owner Occupied HU 164 (79.6%)
Renter Occupied HU 20 ( 9.7%)
Vacant Housing Units 22 (10.7%)
Median Home Value $94,000
Average Home Value $130,422
Housing Affordability Index3 350
 

HOUSEHOLDS

Total Households 184
Average Household Size 2.88
Family Households 141
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 1.42% 1.22%
Households 1.37% 1.27%
Families 1.1% 1.11%
Median Household Income   0.71%
Per Capita Income   1.25%
Owner Occupied HU   1.19%

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Lafe, AR - Peer Comparisons by Rank and Percentile

The table below compares Lafe 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 # 293 46th
Population Density # 363 33rd
Median Household Income # 87 84th
Housing Affordability Index # 483 89th
Per Capita Income # 239 56th
Diversity Index # 513 5th

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

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