Arkansas · Census place 29140
Gum Springs town, AR
Quick answer
Gum Springs town has 50 residents, ranking #583 of 625 places in Arkansas. Median household income is $35,750, the median home is worth $59,000 and median gross rent runs $730 a month.
- Population
- 50Gum Springs town residents
- Median household income
- $35,750Past 12 months, inflation adjusted
- Median home value
- $59,000Owner-occupied units
- Median gross rent
- $730Rent plus utilities, monthly
- Median age
- 55 yrsAll residents
- Homeownership rate
- 37.9%Owner-occupied households
What the numbers mean in Gum Springs town
Housing cost measured against local earnings.
A household earning the Gum Springs town median would spend about 24.5% 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 1.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6% of residents and 37.9% 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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