Lake Village, AR
Full City Profile · Arkansas · Chicot County County
2.8
/5.0
C+
Fair
2,280
Population
954/sq mi density
$44,803
Median Income
$24,477 per capita
$120,200
Home Value
$175,517 Zillow
$850
Median Rent
26.1% income on rent
64°F
Avg Temperature
429
Violent Crime/100K
3,162 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$44,803 median income, 7.7% unemployment
A+
Affordability
5.0 / 5.0
$120,200 home value, $850/mo rent
F
Safety
1.0 / 5.0
429 violent crimes/100K (13% above avg)
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Housing Overview
Median Home Value
$120,200
57% below
US avg: $281,900
Median Rent
$850/mo
27% below
US avg: $1,163/mo
Homeownership Rate
57.2%
13% below US avg (65.4%)
Total Housing Units
1,104
Median year built: 1978
Home Value by Source
Census Median
$120,200
Zillow (ZHVI)
$175,517
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
57.2%
Owner-Occupied
42.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$700/mo
1 Bedroom
$751/mo
2 Bedroom
$944/mo
3 Bedroom
$1,239/mo
4 Bedroom
$1,406/mo
Census median rent:
$850/mo
Affordability & Housing Stock
Rent Burden
26.1%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
57.2%
Complete Housing Data
Home Values
| Census Median Value | $120,200 |
| Zillow Home Value (ZHVI) | $175,517 |
Rent
| Census Median Rent | $850 |
| FMR Studio | $700 |
| FMR 1-Bedroom | $751 |
| FMR 2-Bedroom | $944 |
| FMR 3-Bedroom | $1,239 |
| FMR 4-Bedroom | $1,406 |
Market
Ownership & Stock
| Owner-Occupied | 57.2% |
| Renter-Occupied | 42.8% |
| Homeownership Rate | 57.2% |
| Total Housing Units | 1,104 |
| Median Year Built | 1978 |
| Rent Burden | 26.1% |