Conway appreciation rates and housing market information

Conway housing market information

With 43,199 people, 17,286 houses or apartments, and a median cost of homes of $161,507, Conway real estate is some of the most expensive in Arkansas, although Conway home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Conway, accounting for 61.73% of the city's housing units. Other types of housing that are prevalent in Conway include large apartment complexes or high rise apartments (16.30%), duplexes, homes converted to apartments, or other small apartment buildings (12.40%), mobile homes or trailers (7.62%), and a few row houses and other attached homes (1.96%).

The most prevalent building size and type in Conway are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 51.06% owning, and 41.83% renting.

There is a lot of housing in Conway built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Conway built from 1995 and later (27.05%). A lesser amount of the housing stock also hails from 1940-1969 (17.80%), and some were built from 1939 and earlier (17.80%).

Conway home appreciation rates

Conway's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Conway during the period has been just 5.51%, which is lower than % of US communities.

Appreciation rates are so strong in Conway that despite a nationwide downturn in the housing market, Conway real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Conway appreciation rates continue to be some of the highest in America, at 2.84%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Conway. Conway appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.32%.

Relative to Arkansas, our data show that Conway's latest annual appreciation rate is higher than 65% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Conway differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Conway - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Conway real estate investment or home purchase decisions.