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ZipNumbers

Arkansas · Census place 07540

Bonanza city, AR

Quick answer

Bonanza city has 730 residents, ranking #250 of 625 places in Arkansas. Median household income is $59,583, the median home is worth $141,300 and median gross rent runs $952 a month.

Population
730Bonanza city residents
Median household income
$59,583Past 12 months, inflation adjusted
Median home value
$141,300Owner-occupied units
Median gross rent
$952Rent plus utilities, monthly
Median age
29.3 yrsAll residents
Homeownership rate
77.5%Owner-occupied households

What the numbers mean in Bonanza city

Housing cost measured against local earnings.

A household earning the Bonanza city median would spend about 19.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19% of residents and 77.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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