Booneville, AR
Population 3,814 · Arkansas
About Booneville, AR
Booneville is a small town located in Arkansas with a population of 3,814 residents according to the latest US Census Bureau American Community Survey data. The median household income is $49,653 per year, which is 34% below the national median of $75,149. The median age of 36.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Booneville features a median home value of $91,800, which is 63% below the national median of $244,900. This makes Booneville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $727, 37% below the national average of $1,163/month. Of the 1,821 total housing units, 51% are owner-occupied (811 units) and 49% are renter-occupied (766 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Booneville shows an unemployment rate of 10.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.9%, above the national average of 12.4%. Workers in Booneville have an average one-way commute time of 23.6 minutes.
Education & Demographics
11.0% of Booneville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Booneville, AR
Compared to national averages, Booneville has a median household income of $49,653 (34% below the national median of $75,149). Home values average $91,800, which is 63% below the national median. Monthly rent at $727 is 37% below the US average of $1,163. Within Arkansas, Booneville's income is 5% below the state average of $52,241, and home values are 27% below the state median of $125,457.
Why Live in Booneville, AR?
Booneville offers affordable housing with a median home value of $91,800, below the US average of $244,900, and rent that’s lower than the national average at $727/month, and short commute times averaging just 23.6 minutes.
Potential considerations include median household income ($49,653) that falls below the national average. However, Booneville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Booneville has a population of 3,814 with a median age of 36.5 years. Compare Booneville with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Booneville
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Austin | 3,805 | $93,315 | $209,800 | Compare |
| Dumas | 3,877 | $34,938 | $90,800 | Compare |
| McGehee | 3,744 | $33,679 | $93,000 | Compare |
| Elkins | 3,710 | $81,111 | $190,100 | Compare |
| Rockwell | 3,921 | $61,452 | $255,700 | Compare |
| Landmark | 3,679 | $44,577 | $127,700 | Compare |
| Manila | 3,675 | $65,691 | $150,300 | Compare |
| Gravette | 3,629 | $65,014 | $189,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Booneville With Other Cities
Frequently Asked Questions about Booneville
What is the population of Booneville, AR?
The population of Booneville, AR is 3,814 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arkansas.
What is the median household income in Booneville?
The median household income in Booneville, AR is $49,653 per year, which is 34% below the national median of $75,149.
What is the median home value in Booneville?
The median home value in Booneville, AR is $91,800, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Booneville?
The median monthly rent in Booneville, AR is $727, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Booneville?
The unemployment rate in Booneville, AR is 10.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Booneville, AR a good place to live?
Booneville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,814 and a median age of 36.5, the city appeals to a broad range of residents.
How educated is Booneville, AR?
11.0% of residents in Booneville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Booneville?
Key cost-of-living indicators for Booneville, AR: median home value is $91,800 (63% below national), median rent is $727/month, and median household income is $49,653. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Booneville?
The poverty rate in Booneville, AR is 16.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Booneville, AR?
Booneville's population is 2.6% White, 0.9% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 5.4% two or more races. 0.8% of residents are foreign-born.