Fargo, AR Profile: Facts & Data

The Town of Fargo had a population of 58 as of July 1, 2024. Fargo ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.

The primary coordinate point for Fargo is located at latitude 34.9515 and longitude -91.1801 in Monroe County. The formal boundaries for the Town of Fargo encompass a land area of 0.63 sq. miles and a water area of 0.02 sq. miles. Monroe County is in the Central time zone (GMT -6).

The Town of Fargo 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 Fargo is located within , a minor civil division (MCD) of Monroe County.

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

POPULATION
Total Population	58 (100%)
Population in Households	58 (100.0%)
Population in Families	51 (87.9%)
Population in Group Quarters¹	0
Population Density	127
Diversity Index²	47


INCOME
Median Household Income	$30,382
Average Household Income	$54,964
% of Income for Mortgage⁴	0%
Per Capita Income	$23,691
Wealth Index⁵	37
Socioeconomic Status Index⁶	Low (41.5)

HOUSING
Total HU (Housing Units)	34 (100%)
Owner Occupied HU	15 (44.1%)
Renter Occupied HU	10 (29.4%)
Vacant Housing Units	9 (26.5%)
Median Home Value	$82,143
Average Home Value	$698,333
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	25
Average Household Size	2.32
Family Households	18
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.

Fargo, AR - Peer Comparisons by Rank and Percentile

The table below compares Fargo 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	0.41%	-0.70%
Households	0.00%	0.00%
Families		-4.90%
Median Household Income		6.38%
Per Capita Income		2.94%
Owner Occupied HU		1.30%

Variable Description	Rank	Percentile
Total Population	# 590	6th
Population Density	# 470	25th
Median Household Income	# 593	5th
Housing Affordability Index	# 99	16th
Per Capita Income	# 466	26th
Diversity Index	# 199	68th

Fargo, AR Profile: Facts & Data

Fargo, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fargo, AR - Peer Comparisons by Rank and Percentile

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