Norman, AR Profile: Facts & Data

The primary coordinate point for Norman is located at latitude 34.4551 and longitude -93.6802 in Montgomery County. The formal boundaries for the Town of Norman encompass a land area of 1.14 sq. miles and a water area of 0.01 sq. miles. Montgomery County is in the Central time zone (GMT -6). The elevation is 692 feet.

The Town of Norman (GNIS ID: 2406998) 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.

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

POPULATION
Total Population	368 (100%)
Population in Households	368 (100.0%)
Population in Families	302 (82.1%)
Population in Group Quarters¹	0
Population Density	327
Diversity Index²	23


INCOME
Median Household Income	$29,738
Average Household Income	$37,952
% of Income for Mortgage⁴	13%
Per Capita Income	$15,555
Wealth Index⁵	29

HOUSING
Total HU (Housing Units)	213 (100%)
Owner Occupied HU	131 (61.5%)
Renter Occupied HU	33 (15.5%)
Vacant Housing Units	49 (23.0%)
Median Home Value	$94,697
Average Home Value	$108,015
Housing Affordability Index³	202

HOUSEHOLDS
Total Households	164
Average Household Size	2.24
Family Households	111
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.

Norman, AR - Peer Comparisons by Rank and Percentile

The table below compares Norman 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	-0.26%	-0.27%
Households	-0.23%	-0.25%
Families	1.22%	-0.55%
Median Household Income		1.17%
Per Capita Income		1.39%
Owner Occupied HU		-0.15%

Variable Description	Rank	Percentile
Total Population	# 352	35th
Population Density	# 329	39th
Median Household Income	# 487	10th
Housing Affordability Index	# 167	31st
Per Capita Income	# 515	5th
Diversity Index	# 321	41st

Norman, AR Profile: Facts & Data

Norman, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Norman, AR - Peer Comparisons by Rank and Percentile

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