The Town FilesLake Village, Arkansas
City in Chicot County · population 2,065 (2020 Census)
- Median home
- $133,000
- Household income
- $41,434
- Jan low / Jul high
- 33° / 91°
- Snow a year
- 1 in
- Tornadoes ≤10 mi since 1950
- 27
- Median age
- 36.4
Lake Village is a city of 2,065 people in Chicot County, Arkansas. The median home is worth $133,000, close to the typical Arkansas town ($128,600). It ranks better for a vacation home than 91% of Arkansas towns, better for first-time buyers than 88% of Arkansas towns, easier by car than 73% of Arkansas towns.
How Lake Village ranks
Percentile among Arkansas towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Arkansas towns.
Homes and cost of living
The median home in Lake Village is worth $133,000, close to the typical Arkansas town ($128,600). Homes cost about 3.2 times the median household income of $41,434, which is more affordable than 29% of Arkansas towns. Median rent is $855 a month. 56.2% of households own their home.
| Housing | Lake Village | Typical Arkansas town |
|---|---|---|
| Median home value | $133,000 | $128,600 |
| Median rent | $855 | $792 |
| Median household income | $41,434 | $50,408 |
| Home value ÷ income | 3.2× | 2.7× |
| Homeownership | 56.2% | 64.9% |
| Median year built | 1981 | 1980 |
| Seasonal / vacation homes | 11.7% | — |
Who lives in Lake Village
| People | Lake Village | Typical Arkansas town |
|---|---|---|
| Median age | 36.4 | 37.8 |
| Age 65 and over | 17.5% | 17.2% |
| Under 18 | 27.6% | — |
| Bachelor's degree or higher | 20.4% | 16.5% |
| Below the poverty line | 18.8% | 19.7% |
| Veterans | 7.1% | — |
| Born outside the U.S. | 5.2% | — |
| Work from home | 7.4% | 5.3% |
| Average commute | 16.1 min | 22.2 min |
| Homes with broadband | 84.2% | 84.4% |
Weather in Lake Village
July highs average 90.6°F and January lows 32.6°F. About 56.4 inches of rain and melted snow fall a year, with 0.7 inches of snow (typical Arkansas town: 2.6 in). Expect about 88 days a year at 90°F or hotter and 52 nights at or below freezing.
Tornadoes, storms and disasters
27 tornadoes have passed within 10 miles of Lake Village since 1950, compared with 24 for the typical Arkansas town. 8 rated (E)F2 or stronger. The strongest, an EF2, struck on January 2, 2023 about 9.3 miles from the town center. Tornadoes within 10 miles have caused 1 deaths and 39 injuries since 1950. The most recent was on May 20, 2025.
Hail of 1 inch or larger has been reported within 10 miles 39 times; the largest was 2.75 inches on January 21, 1999.
Severe weather in Chicot County since 1996
Chicot County has been included in 18 federal disaster or emergency declarations since 1953, most often for flood, tornado, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| January 24, 2026 | Winter Storm | EM-3636: Severe Winter Storm |
| April 5, 2025 | Severe Storm | EM-3627: Severe Storms, Tornadoes, And Flooding |
| August 27, 2020 | Hurricane | EM-3541: Hurricane Laura |
| April 3, 2020 | Biological | DR-4518: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3461: Covid-19 |
Jobs and pay in Chicot County
Chicot County had 2,663 jobs in 2024, paying an average of $43,395 a year. Unemployment was 5.8% in 2023; in Lake Village itself the ACS puts it at 10.5%.
Public schools in Lake Village
3 public schools with 747 students, about 10.4 students per teacher.
| School | Grades | Students | Per teacher |
|---|---|---|---|
| LAKESIDE ELEMENTARY SCHOOL | K-5 | 269 | 12.2 |
| LAKESIDE HIGH SCHOOL | 9-12 | 268 | 9.2 |
| LAKESIDE MIDDLE SCHOOL | 6-8 | 210 | 10.0 |
Towns near Lake Village
- Greenville, MS13.9 mi · 29,670 people · home $103,800
- Eudora, AR14.6 mi · 1,728 people · home $57,500
- Dermott, AR16.1 mi · 2,021 people · home $68,400
- Metcalfe, MS18.4 mi · 816 people · home $71,800
- McGehee, AR21.6 mi · 3,849 people · home $98,800
- Leland, MS23.3 mi · 3,988 people · home $109,700
- Hollandale, MS27.1 mi · 2,323 people · home $83,000
Lake Village questions
Is Lake Village, Arkansas a good place to retire?
On The Town Files lifestyle rankings, Lake Village scores better for retirees than 72% of Arkansas towns and quieter than 56%. 17.5% of residents are 65 or older (median age 36.4).
How much does a house cost in Lake Village?
The median owner-occupied home in Lake Village is valued at $133,000 (Census ACS 2020–2024), against a median household income of $41,434, so homes cost about 3.2 times income. Median rent is $855 a month.
What is the weather like in Lake Village?
July highs average 90.6°F and January lows 32.6°F (NOAA 1991–2020 normals). It gets about 56.4 inches of precipitation a year and 0.7 inches of snow.
Does Lake Village get tornadoes?
27 tornadoes have passed within 10 miles of Lake Village since 1950 (NOAA Storm Events); the strongest was an EF2 on January 2, 2023. The typical Arkansas town has had 24.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)