Holly Grove, AR Profile: Facts & Data

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Holly Grove, Arkansas - Basic Facts

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The City of Holly Grove had a population of 441 as of July 1, 2022.

The primary coordinate point for Holly Grove is located at latitude 34.5959 and longitude -91.1998 in Monroe County. The formal boundaries for the City of Holly Grove encompass a land area of 0.74 sq. miles and a water area of 0.02 sq. miles. Monroe County is in the Central time zone (GMT -6). The elevation is 180 feet.

The City of Holly Grove 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 Holly Grove is located within Township of Duncan, a minor civil division (MCD) of Monroe County.

Alternate Unofficial Names for Holly Grove: Hollygrove.

Jump to... (On This Page!)
  1. Holly Grove 2022 Demographic Data
  2. Growth Rates for Holly Grove (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Arkansas Research Tools (Easy Tools & Current Data)
  3. Arkansas Data Comparison Tool - 2022 Demographics
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Holly Grove, AR Data & Demographics (As of July 1, 2022)

POPULATION

Total Population 441 (100%)
Population in Households 441 (100.0%)
Population in Families 348 (78.9%)
Population in Group Quarters1 0
Population Density 441
Diversity Index2 49
 
 

INCOME

Median Household Income $48,299
Average Household Income $64,928
% of Income for Mortgage4 8%
Per Capita Income $29,397
Wealth Index5 47
 

HOUSING

Total HU (Housing Units) 220 (100%)
Owner Occupied HU 129 (58.6%)
Renter Occupied HU 61 (27.7%)
Vacant Housing Units 29 (13.2%)
Median Home Value $73,438
Average Home Value $84,423
Housing Affordability Index3 340
 

HOUSEHOLDS

Total Households 191
Average Household Size 2.31
Family Households 117
Average Family Size 3.00
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

2020-2022 2022-2027
Population -1.86% -1.07%
Households -1.81% -0.85%
Families   -0.87%
Median Household Income   3.67%
Per Capita Income   3.87%
Owner Occupied HU   -0.16%

Holly Grove, AR - Peer Comparisons by Rank and Percentile

The table below compares Holly Grove to the other 625 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2022 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 # 305 51st
Population Density # 230 63rd
Median Household Income # 286 54th
Housing Affordability Index # 584 93rd
Per Capita Income # 200 68th
Diversity Index # 184 71st

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

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