Lake Village, AR
Population 2,280 · Arkansas
About Lake Village, AR
Lake Village is a small community in Arkansas with a population of 2,280 residents. The median household income is $44,803 per year, which is below the national average. The median age in Lake Village is 36.6 years.
Housing in Lake Village has a median home value of $120,200 and median monthly rent of $850. Of the 1,104 total housing units, the majority are owner-occupied, with 511 owner-occupied and 383 renter-occupied units.
The unemployment rate in Lake Village is 7.7% and the poverty rate is 18.0%. 21.4% of residents hold a bachelor's degree or higher. The average commute time is 14.9 minutes.
Cost of Living in Lake Village, AR
Compared to national averages, Lake Village has a median household income of $44,803 (40% below the national median of $75,149). Home values average $120,200, which is 51% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Arkansas, Lake Village's income is 14% below the state average of $52,241, and home values are 4% below the state median of $125,457.
Why Live in Lake Village, AR?
Lake Village offers affordable housing with a median home value of $120,200, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and short commute times averaging just 14.9 minutes.
Potential considerations include median household income ($44,803) that falls below the national average. However, Lake Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Village has a population of 2,280 with a median age of 36.6 years. Compare Lake Village with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Lake Village
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eureka Springs | 2,269 | $41,821 | $246,900 | Compare |
| Fairfield Bay | 2,247 | $54,735 | $157,300 | Compare |
| 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 |
| Gassville | 2,216 | $47,404 | $126,600 | Compare |
| Prairie Creek | 2,367 | $94,457 | $360,200 | Compare |
| Bay | 2,369 | $58,000 | $109,000 | 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.
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Frequently Asked Questions about Lake Village
What is the population of Lake Village, AR?
The population of Lake Village, AR is 2,280 according to the latest Census data.
What is the median household income in Lake Village?
The median household income in Lake Village, AR is $44,803 per year.
What is the median home value in Lake Village?
The median home value in Lake Village, AR is $120,200.
What is the average rent in Lake Village?
The median monthly rent in Lake Village, AR is $850.
What is the unemployment rate in Lake Village?
The unemployment rate in Lake Village, AR is 7.7%.