Goodwin, AR
Population 61 · Arkansas
About Goodwin, AR
Goodwin is a small community located in Arkansas with a population of 61 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 68.9 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 Goodwin features a median home value of $89,500, which is 63% below the national median of $244,900. This makes Goodwin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 45 total housing units, 100% are owner-occupied (29 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Goodwin shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Goodwin have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
6.6% of Goodwin 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Goodwin, AR
Compared to national averages, Goodwin has a median household income of $0 (100% below the national median of $75,149). Home values average $89,500, which is 63% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Goodwin's income is 100% below the state average of $52,241, and home values are 29% below the state median of $125,457.
Why Live in Goodwin, AR?
Goodwin offers affordable housing with a median home value of $89,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Goodwin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Goodwin has a population of 61 with a median age of 68.9 years. Compare Goodwin with other cities to see how it stacks up, or explore all cities in Arkansas.
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Demographics
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Economy & Education
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Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Goodwin
What is the population of Goodwin, AR?
The population of Goodwin, AR is 61 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Arkansas.
What is the median household income in Goodwin?
The median household income in Goodwin, AR is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Goodwin?
The median home value in Goodwin, AR is $89,500, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodwin?
The median monthly rent in Goodwin, AR is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Goodwin?
The unemployment rate in Goodwin, AR is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Goodwin, AR a good place to live?
Goodwin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 61 and a median age of 68.9, the city appeals to established professionals and retirees.
How educated is Goodwin, AR?
6.6% of residents in Goodwin 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 Goodwin?
Key cost-of-living indicators for Goodwin, AR: median home value is $89,500 (63% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Goodwin?
The poverty rate in Goodwin, AR is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Goodwin, AR?
Goodwin's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 60.7% two or more races. 0.0% of residents are foreign-born.