Water Valley, KY Profile: Facts & Data

The City of Water Valley (historical) had a population of 217 as of July 1, 2024.

The primary coordinate point for Water Valley is located at latitude 36.5656 and longitude -88.8112 in Graves County. The formal boundaries for the City of Water Valley (historical) encompass a land area of 0.62 sq. miles and a water area of 0 sq. miles. Graves County is in the Central time zone (GMT -6).

The City of Water Valley (historical) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Kentucky is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Water Valley (historical) is located within Wingo-Water Valley Division of Graves County.

Water Valley, KY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	217 (100%)
Population in Households	217 (100.0%)
Population in Families	180 (82.9%)
Population in Group Quarters¹	0
Population Density	406
Diversity Index²	29


INCOME
Median Household Income	$35,000
Average Household Income	$57,837
% of Income for Mortgage⁴	15%
Per Capita Income	$25,054
Wealth Index⁵	40
Socioeconomic Status Index⁶	Moderate (45.4)

HOUSING
Total HU (Housing Units)	125 (100%)
Owner Occupied HU	71 (56.8%)
Renter Occupied HU	23 (18.4%)
Vacant Housing Units	31 (24.8%)
Median Home Value	$82,143
Average Home Value	$139,437
Housing Affordability Index³	173

HOUSEHOLDS
Total Households	94
Average Household Size	2.31
Family Households	64
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Water Valley, KY - Peer Comparisons by Rank and Percentile

The table below compares Water Valley to the other 555 incorporated cities, towns and CDPs in Kentucky by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.86%	0.00%
Households	-0.49%	0.00%
Families		-0.63%
Median Household Income		10.24%
Per Capita Income		3.56%
Owner Occupied HU		2.16%

Variable Description	Rank	Percentile
Total Population	# 472	15th
Population Density	# 409	26th
Median Household Income	# 512	8th
Housing Affordability Index	# 465	84th
Per Capita Income	# 427	23rd
Diversity Index	# 171	69th

Water Valley, KY Profile: Facts & Data

Water Valley, Kentucky - Basic Facts

Water Valley, KY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Water Valley, KY - Peer Comparisons by Rank and Percentile

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Graves County