Fairfield Bay, AR
Population 2,247 · Arkansas
About Fairfield Bay, AR
Fairfield Bay is a small town located in Arkansas with a population of 2,247 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,735 per year, which is 27% below the national median of $75,149. The median age of 68.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairfield Bay features a median home value of $157,300, which is 36% below the national median of $244,900. This positions Fairfield Bay in a moderately priced market relative to the rest of the country. Median monthly rent is $888, 24% below the national average of $1,163/month. Of the 2,065 total housing units, 87% are owner-occupied (1,225 units) and 13% are renter-occupied (182 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairfield Bay shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairfield Bay have an average one-way commute time of 21.5 minutes.
Education & Demographics
31.3% of Fairfield Bay residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 6.2% White, 2.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.0% of the population being foreign-born.
How Fairfield Bay Ranks in Arkansas
Cost of Living in Fairfield Bay, AR
Compared to national averages, Fairfield Bay has a median household income of $54,735 (27% below the national median of $75,149). Home values average $157,300, which is 36% below the national median. Monthly rent at $888 is 24% below the US average of $1,163. Within Arkansas, Fairfield Bay's income is 5% above the state average of $52,241, and home values are 25% above the state median of $125,457.
Why Live in Fairfield Bay, AR?
Fairfield Bay offers affordable housing with a median home value of $157,300, below the US average of $244,900, and rent that’s lower than the national average at $888/month, and a strong job market with an unemployment rate of just 1.7%. Additionally, the city features a low poverty rate of 9.6%, better than the national average, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($54,735) that falls below the national average. However, Fairfield Bay’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairfield Bay has a population of 2,247 with a median age of 68.6 years. Compare Fairfield Bay with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Fairfield Bay
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marked Tree | 2,235 | $45,197 | $85,700 | Compare |
| Star City | 2,234 | $52,039 | $118,500 | Compare |
| Melbourne | 2,227 | $34,303 | $203,000 | Compare |
| Eureka Springs | 2,269 | $41,821 | $246,900 | Compare |
| Gassville | 2,216 | $47,404 | $126,600 | Compare |
| Lake Village | 2,280 | $44,803 | $120,200 | Compare |
| Carlisle | 2,175 | $34,858 | $132,600 | Compare |
| Smackover | 2,137 | $53,105 | $113,100 | 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 Fairfield Bay With Other Cities
Frequently Asked Questions about Fairfield Bay
What is the population of Fairfield Bay, AR?
The population of Fairfield Bay, AR is 2,247 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 Fairfield Bay?
The median household income in Fairfield Bay, AR is $54,735 per year, which is 27% below the national median of $75,149.
What is the median home value in Fairfield Bay?
The median home value in Fairfield Bay, AR is $157,300, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairfield Bay?
The median monthly rent in Fairfield Bay, AR is $888, which is 24% below the national average of $1,163/month.
What is the unemployment rate in Fairfield Bay?
The unemployment rate in Fairfield Bay, AR is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fairfield Bay, AR a good place to live?
Fairfield Bay offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,247 and a median age of 68.6, the city appeals to established professionals and retirees.
How educated is Fairfield Bay, AR?
31.3% of residents in Fairfield Bay 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 Fairfield Bay?
Key cost-of-living indicators for Fairfield Bay, AR: median home value is $157,300 (36% below national), median rent is $888/month, and median household income is $54,735. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairfield Bay?
The poverty rate in Fairfield Bay, AR is 9.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairfield Bay, AR?
Fairfield Bay's population is 6.2% White, 2.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.9% two or more races. 3.0% of residents are foreign-born.