Township Of Wallaceburg AR Demographic Data and Boundary Map
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Township Of Wallaceburg, AR
The Township Of Wallaceburg is a County Subdivision of Hempstead County.
The subdivision has a Z1 Census Class Code which indicates that the Township Of Wallaceburg is a nonfunctioning county subdivision.
Township Of Wallaceburg Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
797 (100%)
Population in Households
797 (100.0%)
Population in Families
592 (74.3%)
Population in Group Quarters1
0
Population Density
16
Diversity Index2
55
INCOME
Median Household Income
$68,067
Average Household Income
$102,336
% of Income for Mortgage4
13%
Per Capita Income
$37,236
Wealth Index5
110
HOUSING
Total HU (Housing Units)
347 (100%)
Owner Occupied HU
236 (68.0%)
Renter Occupied HU
54 (15.6%)
Vacant Housing Units
57 (16.4%)
Median Home Value
$143,443
Average Home Value
$160,911
Housing Affordability Index3
198
HOUSEHOLDS
Total Households
290
Average Household Size
2.75000000000
Family Households
206
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.
