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Norman, AR Profile: Facts & Data

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Norman, Arkansas - Basic Facts

The Town of Norman had a population of 312 as of July 1, 2024.

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 Town of Norman 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 Norman is located within , a minor civil division (MCD) of Montgomery County.


Jump to... (On This Page!)
  1. Norman 2024 Demographic Data
  2. Growth Rates for Norman (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 - 2024 Demographics
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Norman, AR Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 312 (100%)
Population in Households 312 (100.0%)
Population in Families 245 (78.5%)
Population in Group Quarters1 0
Population Density 277
Diversity Index2 30
 
 

INCOME

Median Household Income $50,466
Average Household Income $66,852
% of Income for Mortgage4 14%
Per Capita Income $31,926
Wealth Index5 49
Socioeconomic Status Index6 Low (40.9)
 

HOUSING

Total HU (Housing Units) 184 (100%)
Owner Occupied HU 113 (61.4%)
Renter Occupied HU 36 (19.6%)
Vacant Housing Units 35 (19.0%)
Median Home Value $114,063
Average Home Value $170,796
Housing Affordability Index3 188
 

HOUSEHOLDS

Total Households 149
Average Household Size 2.09
Family Households 91
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.
  6. 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.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 0.69% 0.06%
Households 1.48% 0.40%
Families   0.65%
Median Household Income   -2.08%
Per Capita Income   2.38%
Owner Occupied HU   1.54%

Norman, AR - Peer Comparisons by Rank and Percentile

The table below compares Norman 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.

Variable Description Rank Percentile
Total Population # 357 43rd
Population Density # 332 47th
Median Household Income # 329 48th
Housing Affordability Index # 528 84th
Per Capita Income # 175 72nd
Diversity Index # 372 41st

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

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