ZIP Code 71631 — Banks town, AR Demographics & Data

ZIP code 71631 covers Banks, AR in Bradley County with a population of about 508.

At a glance, the area shows median age of 49.5 versus a U.S. median of about 38.9.

It sits in telephone area code 870; U.S. House district AR-4; the LITTLE ROCK - PINE BLUFF media market.

Median household income in ZIP 71631 is about $34,063 — about 55% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 21.6%; unemployment rate near 10.7%; 1.8% of adults with a bachelor’s degree or higher (about 31.9 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Construction, Healthcare, and Agriculture; a mean commute of about 96.0 minutes (U.S. average near 26.8).

Median home value is about $54,100 — about 84% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 82.7% (about 17.3 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 71631 in Banks, AR, a household would need roughly $15,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $348. That sits below the local median household income ($34,063), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Banks town, AR as Very Low (composite score 30.8), which is relatively lower than many U.S. communities. The strongest component scores on US5 are hurricane (54.4) and wildfire (27.4). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Banks town, AR show little to no average snow and around 59.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 18 for ZIP 71631 (Banks town, AR) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.