Magnet Cove

Population: 818
Median home value: $154,600

Located in Hot Spring County, Arkansas, Magnet Cove is a community with a population of 818. The median home value of $154,600 is above the Hot Spring County median ($127,900).

From 2019 to 2023, Magnet Cove's population grew 50.4% from 544 to 818, while its median home value rose 70.6% from $90,600 to $154,600.

11.1% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 48.6% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 818
Median age: 31.2 yrs
Median household income: —
Median home value: $154,600
Median gross rent: —
Housing units: 456
Homeownership rate: 48.6%
Bachelor's degree or higher: 11.1%
Unemployment rate: 15.4%

Trends

ACS 5-year · 2019–2023

Population

544818

Median household income

$82,750$82,411

Median home value

$90,600$154,600

Year	Population	Median household income	Median home value
2019	544	$82,750	$90,600
2020	964	$83,839	$87,100
2021	1,192	$122,733	$92,500
2022	1,205	$82,411	$107,600
2023	818	—	$154,600

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 50.0%

5 to 1721.9%

18 to 2426.5%

25 to 3414.1%

35 to 443.3%

45 to 5423.3%

55 to 643.9%

65 to 745.9%

75 and over1.1%

	Count	Share
Under 5	0	0.0%
5 to 17	179	21.9%
18 to 24	217	26.5%
25 to 34	115	14.1%
35 to 44	27	3.3%
45 to 54	191	23.3%
55 to 64	32	3.9%
65 to 74	48	5.9%
75 and over	9	1.1%

Race & ethnicity

	Count	Share
White (non-Hispanic)	701	85.7%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	0	0.0%
Hispanic or Latino (any race)	117	14.3%

Educational attainment (age 25+)

No high school diploma2.1%

High school graduate53.8%

Some college or associate's32.9%

Bachelor's degree11.1%

Graduate or professional degree0.0%

	Count	Share
No high school diploma	9	2.1%
High school graduate	227	53.8%
Some college or associate's	139	32.9%
Bachelor's degree	47	11.1%
Graduate or professional degree	0	0.0%

Commute to work

Mean travel time to work: 31 min

Drove alone85.5%

Carpooled2.1%

Public transit0.0%

Walked0.0%

Bicycle0.0%

Worked from home12.3%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	319	85.5%
Carpooled	8	2.1%
Public transit	0	0.0%
Walked	0	0.0%
Bicycle	0	0.0%
Worked from home	46	12.3%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	33	10.1%
15 to 29 min	72	22.0%
30 to 44 min	132	40.4%
45 to 59 min	84	25.7%
60+ min	6	1.8%

Households

Average household size: 2.47
Poverty rate: 46.9% (384 of 818)

	Count	Share
Family households	192	58.0%
Nonfamily households	139	42.0%

Housing

Median year structure built: 1973

Occupancy

	Count	Share
Occupied	331	72.6%
Vacant	125	27.4%

Tenure (of occupied units)

	Count	Share
Owner-occupied	161	48.6%
Renter-occupied	170	51.4%

1-unit, detached39.9%

1-unit, attached0.0%

2 to 4 units25.7%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other34.4%

Units in structure

	Count	Share
1-unit, detached	182	39.9%
1-unit, attached	0	0.0%
2 to 4 units	117	25.7%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	157	34.4%

Geography

Place GEOID: 0543430
Type (LSAD): 57
Land area: 2.11 sq mi
Water area: 0 sq mi
Center point: 34.4492, -92.8377