The community was first settled around 1828 and was incorporated in 1887. In 1912, Imboden elected Joe Sullivan as the youngest elected mayor in the United States of that period. He was 21 years old and paralyzed, so relied on a goat-driven cart. He left the town in 1914 to pursue further education. Imboden has two public schools. Sloan-Hendrix School was established in 1899 as Sloan-Hendrix Academy, a private school affiliated with Hendrix College in Conway. It later became a public school. Imboden Area Charter School, an open-enrollment public charter school, opened in 2002.
US 62/US 63/US 412 run through the center of Imboden. The three highways leave to the west on West 3rd Street, leading northwest to Hardy. Highway 62 splits off to the northeast in the center of Imboden, crossing the Spring River and leading northeast to Pocahontas. Highways 63 and 412 leave to the southeast on East 3rd Street, leading to Black Rock.
As of the census of 2000, there were 684 people, 308 households, and 194 families residing in the town. The population density was 760.5 people per square mile. There were 343 housing units at an average density of 381.3/sq mi. The racial makeup of the town was 98.25% Whites, 0.73% Native Americans, and 1.02% from two or more races. 0.29% of the population were Hispanics or Latinos of any race. There were 308 households, out of which 24.4% had children under the age of 18 living with them, 54.9% were married couples living together, 6.2% had a female householder with no husband present, and 37.0% were non-families. 35.7% of all households were made up of individuals, and 23.4% had someone living alone who was 65 years of age or older. The average household size was 2.22 and the average family size was 2.85. In the town, the population was spread out, with 23.0% under the age of 18, 6.9% from 18 to 24, 22.7% from 25 to 44, 22.1% from 45 to 64, and 25.4% who were 65 years of age or older. The median age was 43 years. For every 100 females, there were 82.4 males. For every 100 females age 18 and over, there were 82.4 males. The median income for a household in the town was $24,489, and the median income for a family was $33,438. Males had a median income of $28,977 versus $16,667 for females. The per capita income for the town was $14,361. About 11.1% of families and 17.8% of the population were below the poverty line, including 28.4% of those under age 18 and 9.8% of those age 65 or over.
Imboden Area Charter School, an open-enrollment school for kindergarten through eighth grade.
The Imboden Disaster Facility is currently being constructed in town. This facility is part of the Regional Center for Disaster Preparedness Education - Arkansas State University.