Cost of Living in Conway County, Arkansas

$721/mo
Median Monthly Rent
$137,000
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$721/mo
5% below state average
Median Home Value
$137,000
51% below national
Rent-to-Income Ratio
33.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Conway County Compares

Median monthly rent comparison

Conway County$721/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$721/mo
Median Gross Rent
$137,000
Median Home Value
$594/mo
Monthly Owner Cost
33.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Conway County, Arkansas

Conway County rents remain accessible

Conway County's 16.9% rent-to-income ratio sits below Arkansas's state average of 18.1%, placing it among the state's more affordable markets. The median household income of $51,212, though below the national median of $74,755, combines with moderate rents to support stable housing costs.

Conway ranks well for state affordability

Conway County's 16.9% rent-to-income ratio outperforms the state average, positioning it in Arkansas's upper tier for affordability. The $137,000 median home value reflects a reasonable market accessible to working families.

Conway rents balance with state norms

Conway's $721 median rent sits slightly below the state average of $760 and falls between regional peers like Clay ($696) and Cleburne ($853). This middle-ground pricing, combined with solid household income, maintains Conway's competitive position.

Conway renters spend 17% of income

Conway households earning $51,212 annually allocate $721 monthly to rent—approximately 17% of income, maintaining healthy financial flexibility. Homeowners pay $594 monthly, and homes valued at $137,000 provide attainable pathways to ownership for established workers.

Conway suits balanced Arkansas relocators

Conway County offers middle-ground affordability, stable housing values, and accessible market conditions for renters and buyers considering rural Arkansas. If you're comparing Conway to Clay, Cleveland, or Columbia, all rank similarly—Conway edges Clay on home values and balances affordability with development.

Affordability Calculator

See how your income compares to housing costs in Conway County

$

Rent Burden

16.9%

of gross income

Max Housing (28% Rule)

$1,195

per month

Owner Cost Burden

13.9%

of gross income

You can likely afford the median home in Conway County

Median home value is $137,000. Estimated monthly cost: $1,094 vs. your max of $1,195.

Rent Affordability Guide

Your rent-to-income ratio16.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Conway County, Arkansas?
Conway County, Arkansas has a median monthly rent of $721/mo and a median home value of $137,000. The affordability rating is Unaffordable, with rent making up approximately 33.0% of median household income.
What is the median rent in Conway County?
The median gross rent in Conway County is $721/mo. This is 5% below state average for Arkansas.
Is Conway County affordable?
Conway County is rated Unaffordable based on rent-to-income ratio of 33.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Conway County's rent compare to the state average?
Conway County's median rent of $721/mo is 5% below state average of $760/mo for Arkansas.
What is the median home value in Conway County?
The median home value in Conway County, Arkansas is $137,000. This is 51% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.