Conway, AR—72032
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Conway, AR
Home Price Trends — Conway, AR
As of Oct '25, the median home price in Conway, AR is $218,000, with a year-over-year change of 2.4%. This indicates that home prices in Conway, AR are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 2.4% |
| Single Family | $218,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $147,000 | 0.7% |
3 Bed | $213,000 | 2.9% |
4 Bed | $251,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Conway, AR
As of July '25, Rentcast reports the average rent in Conway, AR is $1,350, with a year-over-year rent change of 8.0%. Per bedroom, the median rent as of July '25 in Conway, AR is studios: $850, 1-bedrooms: $808, 2-bedrooms: $856, 3-bedrooms: $1,560, 4-bedrooms: $1,720. The most common rental property sizes in Conway, AR are 2-bedroom and 3-bedroom, accounting for 44.7% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,350 |
| Studio Rent | $850 | $850 |
| 1 Bed Rent | $800 | $808 |
| 2 Bed Rent | $795 | $856 |
| 3 Bed Rent | $1,550 | $1,560 |
| 4 Bed Rent | $1,700 | $1,720 |
% of Rental Stock
Property Listings — Conway, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Conway, AR is 49. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 6.0% |
Listing Count | 132 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 49 | 2.0% |
Demographics — Conway, AR
As of the latest ACS Survey released in 2023, Conway, AR has a population of 35,100, which has increased by 4.7% over the past 5 years. Conway, AR is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,100 | 4.7% |
% Under 18 | 23.7% | 5.3% |
% Seniors | 13.0% | 4.0% |
% WFH | 7.2% | 132.3% |
% w/ College Degree | 27.3% | 17.2% |
As of the latest ACS Survey released in 2023, Conway, AR is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Conway, AR is black, making up 14.7% of the population. Foreign-born residents account for 4.7% of the population in Conway, AR, and this percentage has increased by 30.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.0% | -4.6% |
% Black | 14.7% | -10.4% |
% Hispanic | 8.4% | 71.4% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 4.7% | 30.6% |
Mortgage and Risk — Conway, AR
According to HUD data as of 2023, there were 683 mortgage originations in Conway, AR, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Conway, AR. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 683 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Conway, AR
As of 2024, the percent of homes in Conway, AR under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Conway, AR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 284 |
Total Units Section 8 | 270 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $800 | $860 |
| 2 Bedroom | $205 | $795 | $1,000 |
| 3 Bedroom | -$220 | $1,550 | $1,330 |
| 4 Bedroom | -$120 | $1,700 | $1,580 |
Affordability — Conway, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $218,000 |
| Median Household Income | $61,500 |