Magnet Cove, AR
Population 818 · Arkansas
About Magnet Cove, AR
Magnet Cove is a small community located in Arkansas with a population of 818 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 31.2 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 Magnet Cove features a median home value of $154,600, which is 37% below the national median of $244,900. This positions Magnet Cove in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 456 total housing units, 49% are owner-occupied (161 units) and 51% are renter-occupied (170 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Magnet Cove shows an unemployment rate of 15.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 46.9%, above the national average of 12.4%. Workers in Magnet Cove have an average one-way commute time of 30.9 minutes.
Education & Demographics
11.1% of Magnet Cove 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 Magnet Cove, AR
Compared to national averages, Magnet Cove has a median household income of $0 (100% below the national median of $75,149). Home values average $154,600, which is 37% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Magnet Cove's income is 100% below the state average of $52,241, and home values are 23% above the state median of $125,457.
Why Live in Magnet Cove, AR?
Magnet Cove offers affordable housing with a median home value of $154,600, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($0) that falls below the national average. However, Magnet Cove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Magnet Cove has a population of 818 with a median age of 31.2 years. Compare Magnet Cove with other cities to see how it stacks up, or explore all cities in Arkansas.
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Demographics
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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 Magnet Cove
What is the population of Magnet Cove, AR?
The population of Magnet Cove, AR is 818 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 Magnet Cove?
The median household income in Magnet Cove, AR is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Magnet Cove?
The median home value in Magnet Cove, AR is $154,600, which is 37% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Magnet Cove?
The median monthly rent in Magnet Cove, AR is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Magnet Cove?
The unemployment rate in Magnet Cove, AR is 15.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Magnet Cove, AR a good place to live?
Magnet Cove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 818 and a median age of 31.2, the city appeals to young professionals and families.
How educated is Magnet Cove, AR?
11.1% of residents in Magnet Cove 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 Magnet Cove?
Key cost-of-living indicators for Magnet Cove, AR: median home value is $154,600 (37% 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 Magnet Cove?
The poverty rate in Magnet Cove, AR is 46.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Magnet Cove, AR?
Magnet Cove's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.