Cherokee Village, AR Profile: Facts & Data

The City of Cherokee Village had a population of 4,936 as of July 1, 2024. Cherokee Village 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 Cherokee Village is located at latitude 36.2978 and longitude -91.516 in Sharp County. The formal boundaries for the City of Cherokee Village encompass a land area of 20.5 sq. miles and a water area of 0.88 sq. miles. Sharp County is in the Central time zone (GMT -6).

While the primary coordinates for City of Cherokee Village are located in Sharp County, it should be noted that the formal boundaries for this community also extend into and Fulton County.

The City of Cherokee Village has a P1 Census Class Code which indicates populated place that is also an incorporated place with the same name and the same census code. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Cherokee Village is located within , a minor civil division (MCD) of Sharp County.

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

POPULATION
Total Population	4,936 (100%)
Population in Households	4,936 (100.0%)
Population in Families	3,840 (77.8%)
Population in Group Quarters¹	0
Population Density	242
Diversity Index²	18


INCOME
Median Household Income	$48,065
Average Household Income	$59,064
% of Income for Mortgage⁴	14%
Per Capita Income	$26,983
Wealth Index⁵	49
Socioeconomic Status Index⁶	Low (43.4)

HOUSING
Total HU (Housing Units)	2,997 (100%)
Owner Occupied HU	1,810 (60.4%)
Renter Occupied HU	445 (14.8%)
Vacant Housing Units	742 (24.8%)
Median Home Value	$110,241
Average Home Value	$156,243
Housing Affordability Index³	181

HOUSEHOLDS
Total Households	2,255
Average Household Size	2.19
Family Households	1,405
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.

Cherokee Village, AR - Peer Comparisons by Rank and Percentile

The table below compares Cherokee Village 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	0.76%	0.43%
Households	0.85%	0.45%
Families		0.30%
Median Household Income		1.59%
Per Capita Income		1.90%
Owner Occupied HU		0.52%

Variable Description	Rank	Percentile
Total Population	# 72	89th
Population Density	# 361	42nd
Median Household Income	# 365	42nd
Housing Affordability Index	# 519	83rd
Per Capita Income	# 345	45th
Diversity Index	# 545	13th

Cherokee Village, AR Profile: Facts & Data

Cherokee Village, Arkansas - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cherokee Village, AR - Peer Comparisons by Rank and Percentile

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