Conway, AR—72034
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 $275,000, 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 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 2.4% |
| Single Family | $275,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 4.6% |
3 Bed | $241,000 | 2.1% |
4 Bed | $373,000 | 3.0% |
| 5 Bed | $547,000 | 2.8% |
% of Housing Stock
Rental Trends — Conway, AR
As of July '25, Rentcast reports the average rent in Conway, AR is $1,360, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Conway, AR is studios: $999, 1-bedrooms: $753, 2-bedrooms: $925, 3-bedrooms: $1,510, 4-bedrooms: $2,530. The most common rental property sizes in Conway, AR are 2-bedroom and 3-bedroom, accounting for 51.3% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,360 |
| Studio Rent | $999 | $999 |
| 1 Bed Rent | $780 | $753 |
| 2 Bed Rent | $949 | $925 |
| 3 Bed Rent | $1,450 | $1,510 |
| 4 Bed Rent | $2,500 | $2,530 |
% 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 55. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $336,000 | -9.0% |
Listing Count | 188 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 55 | -2.0% |
Demographics — Conway, AR
As of the latest ACS Survey released in 2023, Conway, AR has a population of 49,400, which has decreased by -1.4% over the past 5 years. Conway, AR is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 44.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,400 | -1.4% |
% Under 18 | 21.2% | -6.2% |
% Seniors | 12.2% | 23.2% |
% WFH | 7.5% | 127.3% |
% w/ College Degree | 44.3% | 4.5% |
As of the latest ACS Survey released in 2023, Conway, AR is a predominantly white area, with 71.3% 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 17.4% of the population. Foreign-born residents account for 4.3% of the population in Conway, AR, and this percentage has decreased by 8.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.3% | -4.6% |
% Black | 17.4% | 17.6% |
% Hispanic | 5.5% | 22.2% |
% Asian | 1.8% | -25.0% |
% Foreign Born | 4.3% | -8.5% |
Mortgage and Risk — Conway, AR
According to HUD data as of 2023, there were 713 mortgage originations in Conway, AR, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 713 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Conway, AR
As of 2024, the percent of homes in Conway, AR under the Section 8 program is 2.0%. 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 | 401 |
Total Units Section 8 | 228 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $780 | $860 |
| 2 Bedroom | $51 | $949 | $1,000 |
| 3 Bedroom | -$120 | $1,450 | $1,330 |
| 4 Bedroom | -$920 | $2,500 | $1,580 |
Affordability — Conway, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $275,000 |
| Median Household Income | $61,700 |