Conway is a medium-sized city located in the state of Arkansas. The city has a population of 64,184 inhabitants. According to the most recent Census, 77% of Conway residents are White, 16% Black and 2% Asian. Conway tends to attract a younger crowd, as the median age of 29 is far below the national average. Conway has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 74% of the population is classified as married and 55% have kids.
Are you trying to figure out if living in Conway is the right fit for your lifestyle? To ensure a great experience before relocating to any new city in Arkansas, you will probably want to make sure that you check all of the most important boxes. Finding the best places to live in Conway and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, cost of living, employment, housing and other important metrics.
Using data and statistics Conway has received a livability score of 67 out of 100. This score is ranked in the 50th percentile when compared to all other cities. For each of the livability categories, we can establish that Conway ranks very well for amenities (A+) and cost of living (A-). There are some categories that Conway does not rank well for, including: crime (F), education (F) and housing (D-). It might be worth taking a closer look to figure out why.
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Conway, there is no shortage of amazing local amenities and interesting things to do.
Assuming that Conway meets all of your requirements, the next most important item to examine is the affordability of real estate in Conway. Everything else becomes a lot less important if it turns out that home prices in Conway are simply unattainable. The median home price for Conway homes is $161,400, which is 40.7% higher than the Arkansas average. If we take a closer look at the affordability of homes in Conway, we’ll see that the home price to income ratio is 3.4, which is 25.9% higher than the Arkansas average. Year over year appreciation rates for homes in the Conway area were 2.4% and the 5 year appreciation rates came in at 3.6%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.