Cave Springs, AR
Population 5,778 · Arkansas
About Cave Springs, AR
Cave Springs is a small town located in Arkansas with a population of 5,778 residents according to the latest US Census Bureau American Community Survey data. The median household income is $147,917 per year, which is 97% above the national median of $75,149. The median age of 34.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Cave Springs features a median home value of $431,300, which is 76% above the national median of $244,900. This places Cave Springs in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,081, 79% above the national average of $1,163/month. Of the 1,925 total housing units, 93% are owner-occupied (1,692 units) and 7% are renter-occupied (119 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cave Springs shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cave Springs have an average one-way commute time of 21 minutes.
Education & Demographics
55.6% of Cave Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 4.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 2.3% Asian residents, with 2.7% of the population being foreign-born.
How Cave Springs Ranks in Arkansas
Cost of Living in Cave Springs, AR
Compared to national averages, Cave Springs has a median household income of $147,917 (97% above the national median of $75,149). Home values average $431,300, which is 76% above the national median. Monthly rent at $2,081 is 79% above the US average of $1,163. Within Arkansas, Cave Springs's income is 183% above the state average of $52,241, and home values are 244% above the state median of $125,457.
Why Live in Cave Springs, AR?
Cave Springs offers a strong local economy with a median household income of $147,917, well above the national average, and a well-educated community where 55.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 1.4%, better than the national average. Additionally, the city features short commute times averaging just 21 minutes.
Potential considerations include a competitive housing market where the typical home costs $431,300. However, Cave Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cave Springs has a population of 5,778 with a median age of 34.4 years. Compare Cave Springs with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Cave Springs
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tontitown | 5,739 | $80,987 | $394,200 | Compare |
| Berryville | 5,715 | $39,548 | $153,500 | Compare |
| Greenbrier | 5,875 | $59,099 | $171,100 | Compare |
| Alma | 5,879 | $58,320 | $197,200 | Compare |
| Mena | 5,605 | $50,875 | $114,200 | Compare |
| White Hall | 5,520 | $84,304 | $207,100 | Compare |
| De Queen | 6,077 | $50,979 | $108,500 | Compare |
| Walnut Ridge | 5,440 | $47,612 | $104,500 | 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 Cave Springs With Other Cities
Frequently Asked Questions about Cave Springs
What is the population of Cave Springs, AR?
The population of Cave Springs, AR is 5,778 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 Cave Springs?
The median household income in Cave Springs, AR is $147,917 per year, which is 97% above the national median of $75,149.
What is the median home value in Cave Springs?
The median home value in Cave Springs, AR is $431,300, which is 76% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cave Springs?
The median monthly rent in Cave Springs, AR is $2,081, which is 79% above the national average of $1,163/month.
What is the unemployment rate in Cave Springs?
The unemployment rate in Cave Springs, AR is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Cave Springs, AR a good place to live?
Cave Springs offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,778 and a median age of 34.4, the city appeals to young professionals and families.
How educated is Cave Springs, AR?
55.6% of residents in Cave Springs aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cave Springs?
Key cost-of-living indicators for Cave Springs, AR: median home value is $431,300 (76% above national), median rent is $2,081/month, and median household income is $147,917. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cave Springs?
The poverty rate in Cave Springs, AR is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cave Springs, AR?
Cave Springs's population is 4.5% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 2.3% Asian, and 0.2% two or more races. 2.7% of residents are foreign-born.