72416 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Craighead County
Centroid: Latitude 35.903, Longitude -90.786
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 72416 has segments in 2 Counties (Craighead, Greene).

Businesses Addresses: 115
PO Box Addresses: 179
Residential Addresses: 2,340

Multi-Family Addresses: 25
Single Family Addresses: 2,315

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Bono, AR 72416 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	6,347 (100%)
Population in Households	6,312 (99.4%)
Population in Families	5,327 (83.9%)
Population in Group Quarters¹	35 ( 0.6%)
Population Density	65
Diversity Index²	17


INCOME
Median Household Income	$48,614
Average Household Income	$58,788
% of Income for Mortgage⁴	11%
Per Capita Income	$22,588
Wealth Index⁵	50

HOUSING
Total HU (Housing Units)	2,687 (100%)
Owner Occupied HU	1,726 (64.2%)
Renter Occupied HU	712 (26.5%)
Vacant Housing Units	249 ( 9.3%)
Median Home Value	$123,112
Average Home Value	$152,303
Housing Affordability Index³	254

HOUSEHOLDS
Total Households	2,438
Average Household Size	2.59
Family Households	1,763
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.

Bono, AR 72416 - Peer Comparisons by Rank and Percentile

The table below compares 72416 to the other 566 ZIP Codes 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	1.15%	1.15%
Households	1.19%	1.17%
Families	0.98%	0.99%
Median Household Income		1.2%
Per Capita Income		1.91%
Owner Occupied HU		1.44%

Variable Description	Rank	Percentile
Total Population	# 127	78th
Population Density	# 140	75th
Median Household Income	# 134	77th
Housing Affordability Index	# 297	52nd
Per Capita Income	# 302	47th
Diversity Index	# 384	32nd

Bono, AR 72416 ZIP Code Profile

ZIP Code 72416: Basic Data & USPS Preferred City Name

Bono, AR 72416 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Bono, AR 72416 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 72416

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