The typical owner-occupied home in Conway is worth about $94,000, 59% below the Missouri median of $230,300 and 72% below the national median of $332,700. Owners pay a median $551 a year in property taxes, about 0.59% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $34,519 a year, so the median home costs 2.7 times the median income (3.3 times for Missouri). 63% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Conway at a glance
| Conway | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $94,000 | $230,300 | $332,700 |
| Median property tax paid per year | $551 | $1,948 | $3,119 |
| Property tax as a share of value | 0.59% | 0.85% | 0.94% |
| Median household income | $34,519 | $70,702 | $80,734 |
| Homes lived in by their owners | 63% | 68% | 65% |
| Owner homes with a mortgage | 33% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $957 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 19.0% | 21.0% |
| Median rent | $826 | $1,033 | $1,413 |
| Rent as a share of renters' income | 27.9% | 28.1% | 30.6% |
| Median year homes were built | 1975 | 1978 | 1980 |
| Vacant homes | 6.6% | 11.2% | 10.1% |
| Population | 732 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Conway
At this week's average 30-year rate of 7.11%, buying the median Conway home of $94,000 with 20% down costs about $591 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $748, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,340 for the 20%-down payment. That payment is 21% of the median Conway household income of $34,519; at that income and 20% down, the 28% guideline points to a home of about $128,000.
The median rent here is $826 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,800 |
|---|---|
| Loan amount | $75,200 |
| Principal and interest | $506 |
| Property taxes (0.59% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $591 |
Change the numbers in the calculator
| Down payment | $3,290 |
|---|---|
| Loan amount | $92,297 |
| Principal and interest | $621 |
| Property taxes (0.59% a year) | $46 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $748 |
Change the numbers in the calculator
Questions about home buying in Conway
What is the median home value in Conway?
About $94,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Conway?
Homeowners pay a median $551 a year, which is about 0.59% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Conway?
For the median home with 20% down at 7.11%, the payment is about $591 a month. Keeping that under 28% of gross income takes about $25,340 a year.
More about Conway
- Mortgage Refinance in Conway
- Debt Relief in Conway
- Home Equity Loans in Conway
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data