Township Of Water Valley AR Demographic Data and Boundary Map
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Township Of Water Valley, AR
The Township Of Water Valley is a County Subdivision of Randolph County.
The subdivision has a Z1 Census Class Code which indicates that the Township Of Water Valley is a nonfunctioning county subdivision.
Township Of Water Valley Data & Demographics (As of July 1, 2024)
POPULATION
Total Population
240 (100%)
Population in Households
240 (100.0%)
Population in Families
201 (83.7%)
Population in Group Quarters1
0
Population Density
10
Diversity Index2
16
INCOME
Median Household Income
$46,893
Average Household Income
$62,599
% of Income for Mortgage4
19%
Per Capita Income
$24,257
Wealth Index5
47
HOUSING
Total HU (Housing Units)
140 (100%)
Owner Occupied HU
80 (57.1%)
Renter Occupied HU
13 ( 9.3%)
Vacant Housing Units
47 (33.6%)
Median Home Value
$140,000
Average Home Value
$170,313
Housing Affordability Index3
140
HOUSEHOLDS
Total Households
93
Average Household Size
2.58000000000
Family Households
69
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.
