Conway County, Arkansas Housing Market Prices
Conway County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 87% below the Arkansas median Among the top 5 cheapest counties in Arkansas$14,762
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Median rent 20% below the Arkansas median$755
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Conway County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $14,762 | $111,957 | $248,835 |
| Price Trend (Annual %) | 10.9% | 3.4% | 7.5% |
| Median Gross Rent | $755 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Conway County is about 87% lower than in Arkansas. Rent is about 20% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Conway County, up about 10.9% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Conway County rose about 26.3% between 2015 and 2024, from $597 to $755. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Conway County.
Buying the median-priced home in Conway County costs roughly 1.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Conway County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Conway County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $14,762 | $111,957 | $248,835 |
| Median Household Income | $55,358 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Conway County fell about 74.1%, while median household income rose about 54.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Conway County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 57.4% | 58.5% |
| Rental Rate | 22.1% | 29.0% | 31.2% |
| Vacancy Rate | 14.7% | 13.5% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Conway County has a homeownership rate of 63.2%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 14.7%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Conway County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1988 | 1987 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Conway County was built around 1988. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Conway County, AR Housing Compared With Nearby Counties
Conway County, AR is the 4th largest of the 5 counties compared here, 21,055 residents against a local median of 95,758. Where Conway County, AR breaks from the counties next to it is median home price, sitting 90% below the local median of $140,904 at $14,762.
Median rent tells the same story from another angle: $755 against a local median of $931, 19% below it. The counties themselves spread $97,619 on median home price, so Conway County, AR sits at one end of an already wide local range rather than apart from it. Conway County, AR has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Conway County, AR | 21,055 | $14,762 #5/5 | $755 #4/5 | 74.1% #3/5 |
| Van Buren County, AR | 15,983 | $94,761 | $721 | 77.9% |
| Pope County, AR | 64,050 | $98,062 | $858 | 70.4% |
| Faulkner County, AR | 127,709 | $183,745 | $1,005 | 62.3% |
| Saline County, AR | 127,467 | $192,380 | $1,033 | 78.2% |
Frequently Asked Questions
Common questions about the housing market in Conway County, Arkansas.
What is the median home price in Conway County, Arkansas?
The median home price in Conway County, Arkansas is $14,762, lower than the Arkansas average of $111,957.
What is the average home price in Conway County, Arkansas?
The typical home price in Conway County, Arkansas, reported as the median sale price, is $14,762. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Conway County, Arkansas?
The median gross rent in Conway County, Arkansas is $755 per month, lower than the Arkansas average of $947.
What was the median gross rent in Conway County in 2020?
In 2020, the median gross rent in Conway County, Arkansas was $614 per month.
What is the price-to-rent ratio in Conway County, Arkansas?
The price-to-rent ratio in Conway County, Arkansas is about 1.6, meaning it would take roughly 1.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Conway County.
Are home prices or rent rising faster in Conway County, Arkansas?
Both home prices and rent are rising in Conway County, up about 10.9% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Conway County, Arkansas?
63.2% of households in Conway County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Conway County, Arkansas?
The housing vacancy rate in Conway County, Arkansas is 14.7%, higher than the Arkansas average of 13.5%.
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