Lake Hamilton, AR
Population 1,912 · Arkansas
About Lake Hamilton, AR
Lake Hamilton is a small town located in Arkansas with a population of 1,912 residents according to the latest US Census Bureau American Community Survey data. The median household income is $87,870 per year, which is 17% above the national median of $75,149. The median age of 41.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Lake Hamilton features a median home value of $411,000, which is 68% above the national median of $244,900. This places Lake Hamilton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $806, 31% below the national average of $1,163/month. Of the 1,434 total housing units, 77% are owner-occupied (572 units) and 23% are renter-occupied (170 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Hamilton shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Hamilton have an average one-way commute time of 24.1 minutes.
Education & Demographics
35.8% of Lake Hamilton 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 0.6% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.2% of the population being foreign-born.
How Lake Hamilton Ranks in Arkansas
Cost of Living in Lake Hamilton, AR
Compared to national averages, Lake Hamilton has a median household income of $87,870 (17% above the national median of $75,149). Home values average $411,000, which is 68% above the national median. Monthly rent at $806 is 31% below the US average of $1,163. Within Arkansas, Lake Hamilton's income is 68% above the state average of $52,241, and home values are 228% above the state median of $125,457.
Why Live in Lake Hamilton, AR?
Lake Hamilton offers a strong local economy with a median household income of $87,870, well above the national average, and rent that’s lower than the national average at $806/month, and a strong job market with an unemployment rate of just 0.5%. Additionally, the city features a well-educated community where 35.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.7%, better than the national average, and short commute times averaging just 24.1 minutes.
Potential considerations include a competitive housing market where the typical home costs $411,000. However, Lake Hamilton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Hamilton has a population of 1,912 with a median age of 41.7 years. Compare Lake Hamilton with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Lake Hamilton
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Highfill | 1,899 | $102,000 | $229,000 | Compare |
| Cave City | 1,930 | $41,250 | $119,900 | Compare |
| Dover | 1,932 | $33,491 | $106,700 | Compare |
| Augusta | 1,881 | $49,744 | $117,100 | Compare |
| Hazen | 1,960 | $48,816 | $109,900 | Compare |
| Lepanto | 1,858 | $42,730 | $66,900 | Compare |
| Eudora | 1,843 | $27,140 | $52,200 | Compare |
| Lamar | 1,826 | $41,579 | $139,500 | 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 Lake Hamilton With Other Cities
Frequently Asked Questions about Lake Hamilton
What is the population of Lake Hamilton, AR?
The population of Lake Hamilton, AR is 1,912 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 Lake Hamilton?
The median household income in Lake Hamilton, AR is $87,870 per year, which is 17% above the national median of $75,149.
What is the median home value in Lake Hamilton?
The median home value in Lake Hamilton, AR is $411,000, which is 68% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Hamilton?
The median monthly rent in Lake Hamilton, AR is $806, which is 31% below the national average of $1,163/month.
What is the unemployment rate in Lake Hamilton?
The unemployment rate in Lake Hamilton, AR is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lake Hamilton, AR a good place to live?
Lake Hamilton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,912 and a median age of 41.7, the city appeals to a broad range of residents.
How educated is Lake Hamilton, AR?
35.8% of residents in Lake Hamilton 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 Lake Hamilton?
Key cost-of-living indicators for Lake Hamilton, AR: median home value is $411,000 (68% above national), median rent is $806/month, and median household income is $87,870. The home-value-to-income ratio is 4.7x, a moderate figure by national standards.
What is the poverty rate in Lake Hamilton?
The poverty rate in Lake Hamilton, AR is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Hamilton, AR?
Lake Hamilton's population is 0.6% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.7% two or more races. 2.2% of residents are foreign-born.