Summit, AR Profile: Facts & Data

The City of Summit had a population of 496 as of July 1, 2024. Summit 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 Summit is located at latitude 36.2523 and longitude -92.6907 in Marion County. The formal boundaries for the City of Summit encompass a land area of 1.23 sq. miles and a water area of 0 sq. miles. Marion County is in the Central time zone (GMT -6).

The City of Summit 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 Summit is located within , a minor civil division (MCD) of Marion County.

Summit, AR Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	496 (100%)
Population in Households	496 (100.0%)
Population in Families	391 (78.8%)
Population in Group Quarters¹	0
Population Density	411
Diversity Index²	19


INCOME
Median Household Income	$51,397
Average Household Income	$60,181
% of Income for Mortgage⁴	20%
Per Capita Income	$23,174
Wealth Index⁵	38
Socioeconomic Status Index⁶	Moderate (47.0)

HOUSING
Total HU (Housing Units)	250 (100%)
Owner Occupied HU	117 (46.8%)
Renter Occupied HU	74 (29.6%)
Vacant Housing Units	59 (23.6%)
Median Home Value	$161,000
Average Home Value	$186,325
Housing Affordability Index³	132

HOUSEHOLDS
Total Households	191
Average Household Size	2.60
Family Households	123
Average Family Size	3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Summit, AR - Peer Comparisons by Rank and Percentile

The table below compares Summit to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	-2.15%	0.00%
Households	-0.37%	0.52%
Families		1.58%
Median Household Income		2.26%
Per Capita Income		3.05%
Owner Occupied HU		1.81%

Variable Description	Rank	Percentile
Total Population	# 286	54th
Population Density	# 242	61st
Median Household Income	# 305	51st
Housing Affordability Index	# 352	56th
Per Capita Income	# 484	23rd
Diversity Index	# 527	16th

Summit, AR Profile: Facts & Data

Summit, Arkansas - Basic Facts

Summit, AR Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Summit, AR - Peer Comparisons by Rank and Percentile

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