Parkin, AR
Population 702 · Arkansas
About Parkin, AR
Parkin is a small community located in Arkansas with a population of 702 residents according to the latest US Census Bureau American Community Survey data. The median household income is $25,588 per year, which is 66% below the national median of $75,149. The median age of 47.2 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 Parkin features a median home value of $36,700, which is 85% below the national median of $244,900. This makes Parkin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $567, 51% below the national average of $1,163/month. Of the 503 total housing units, 58% are owner-occupied (204 units) and 42% are renter-occupied (146 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Parkin shows an unemployment rate of 17.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.2%, above the national average of 12.4%. Workers in Parkin have an average one-way commute time of 14.8 minutes, one of the shorter commutes in the region.
Education & Demographics
0.6% of Parkin 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, 5.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Parkin Ranks in Arkansas
Cost of Living in Parkin, AR
Compared to national averages, Parkin has a median household income of $25,588 (66% below the national median of $75,149). Home values average $36,700, which is 85% below the national median. Monthly rent at $567 is 51% below the US average of $1,163. Within Arkansas, Parkin's income is 51% below the state average of $52,241, and home values are 71% below the state median of $125,457.
Why Live in Parkin, AR?
Parkin offers affordable housing with a median home value of $36,700, below the US average of $244,900, and rent that’s lower than the national average at $567/month, and short commute times averaging just 14.8 minutes.
Potential considerations include median household income ($25,588) that falls below the national average. However, Parkin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Parkin has a population of 702 with a median age of 47.2 years. Compare Parkin with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Parkin
Cities in Arkansas with a similar population size.
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 Parkin
What is the population of Parkin, AR?
The population of Parkin, AR is 702 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 Parkin?
The median household income in Parkin, AR is $25,588 per year, which is 66% below the national median of $75,149.
What is the median home value in Parkin?
The median home value in Parkin, AR is $36,700, which is 85% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Parkin?
The median monthly rent in Parkin, AR is $567, which is 51% below the national average of $1,163/month.
What is the unemployment rate in Parkin?
The unemployment rate in Parkin, AR is 17.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Parkin, AR a good place to live?
Parkin offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 702 and a median age of 47.2, the city appeals to established professionals and retirees.
How educated is Parkin, AR?
0.6% of residents in Parkin 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 Parkin?
Key cost-of-living indicators for Parkin, AR: median home value is $36,700 (85% below national), median rent is $567/month, and median household income is $25,588. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Parkin?
The poverty rate in Parkin, AR is 20.2%, 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 Parkin, AR?
Parkin's population is 0.0% White, 5.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 59.5% two or more races. 0.0% of residents are foreign-born.