According to the United States Census Bureau, as of 2010 the city had a total area of 4.0 square miles (10.4 km2), all land.

[4] In 2012, the nearby unincorporated community of Hiwasse was facing annexation by the city of Bella Vista.

[9] The Nebo area is now referred to as Old Town in Chalk Valley and was the earliest pioneer settlement of the community.

The settlement was platted in the 1870s by Joseph P. Covey, who relocated to Southwest City, Missouri, in 1881.

Ellis Tillman Gravett opened the Chalk Valley Distillery in Nebo and was also the proprietor of a general merchandise store.

Gravette was aided around 1898 by arrival of the Arkansas and Oklahoma Railroad (later acquired by the St. Louis-San Francisco Railway) which greatly stimulated the fruit-growing industry in the region by providing easy access to markets.

As of the 2020 United States census, there were 3,547 people, 1,305 households, and 884 families residing in the city.

Two plastics production companies, Hendren Plastics[16] and Insul-Bead,[17] are located in Gravette and produce a variety of products, most notably dock floatation devices that are shipped nationwide.

[19][20] The Gravette Fire Department runs an ALS ambulance service in the city limits.

The farmer's market is a seasonal attraction that sets up at Old Town Park and features locally grown produce, meats, and goods.

[29] Hiwasse Park has a fire station themed playground, 1/4-mile concrete walking trail, full-size basketball court, full-size tennis court, and large green space.

[34] The climate in this area is characterized by hot, humid summers and generally mild to cool winters.

[43] According weather data tallied between July 1, 1985, and June 30, 2015, for every location in the National Oceanic and Atmospheric Administration's official climate database, Gravette, Arkansas, is the snowiest place in the state of Arkansas with an average of 16 inches of snow per year.