Living in Magnet Cove, Arkansas
Cost of living, income, home prices, rent and demographics of Magnet Cove · Census data 2020–2024
Magnet Cove has 889 residents with a median age of 34. The median home value is $156,700.
Magnet Cove is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Magnet Cove at a glance
- Population
- 889
- Median age
- 34State: 38.5
- Median home value
- $156,700State: $188,000
- Homeowners
- 64.2%
- Bachelor's degree or higher
- 16.7%
- Average commute
- 32 min
Is Magnet Cove a good place to live?
Pros: Home values 17% lower than the state median.
Cons: An average commute of 32 minutes; unemployment of 13.9%; a poverty rate of 34.5%.
The weather is best in April–May and September–October.
Cost of living in Magnet Cove
Housing is the biggest part of the cost of living. In Magnet Cove the median home value is $156,700, 53% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,176 a month in housing costs.
Housing in Magnet Cove: homes for sale and rent
- Housing units
- 503
- Owner-occupied
- 64.2%
- Renter-occupied
- 35.8%
- Vacant
- 25.6%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.38
Magnet Cove demographics
- Population
- 889
- Median age
- 34
- Under 18
- 19.5%
- 65 and older
- 13%
- Households
- 374
- Foreign-born
- 0%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Magnet Cove ›
Education in Magnet Cove
16.7% of adults 25 and older in Magnet Cove have a bachelor's degree or higher (Arkansas: 25.7%), and 1.9% have a graduate or professional degree.
Jobs and commute in Magnet Cove
- Unemployment rate
- 13.9%State: 4.9%
- Average commute
- 32 minState: 23 min
- Work from home
- 11.7%
- Drive alone
- 88.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 74.6%
Magnet Cove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Magnet Cove | 889 | — | $156,700 | — |
| Rockport | 800 | $68,750 | $140,300 | $844 |
| Jones Mills | 230 | $53,750 | $156,100 | — |
| Malvern | 10,953 | $46,250 | $104,500 | $764 |
| Lonsdale | 211 | $68,590 | $161,900 | — |
| Perla | 141 | $47,500 | $87,500 | $665 |
| Traskwood | 552 | $81,042 | $197,500 | — |
| Fountain Lake | 548 | $60,093 | $164,300 | — |
| Haskell | 4,100 | $85,758 | $160,600 | $1,151 |
More for people moving to Magnet Cove
Magnet Cove ZIP code ›Weather and climate ›Living in Magnet Cove: FAQ
What is the average home price in Magnet Cove?
The median home value in Magnet Cove is $156,700, compared with $188,000 in Arkansas.
Is Magnet Cove, AR a good place to live?
Pluses: home values 17% lower than the state median. Minuses: an average commute of 32 minutes; unemployment of 13.9%; a poverty rate of 34.5%.
What is the median age in Magnet Cove?
The median age in Magnet Cove is 34 years (Arkansas: 38.5).
How long is the commute in Magnet Cove?
The average commute to work in Magnet Cove is 32 minutes; 11.7% of workers work from home.
What is the unemployment rate in Magnet Cove?
The unemployment rate in Magnet Cove is 13.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Magnet Cove?
16.7% of adults in Magnet Cove have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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