The typical owner-occupied home in Conway is worth about $264,900, 34% below the New Hampshire median of $402,500 and 20% below the national median of $332,700. Owners pay a median $3,531 a year in property taxes, about 1.33% of their home's value, lower than the New Hampshire rate of 1.66%. The median household earns $59,167 a year, so the median home costs 4.5 times the median income (4.1 times for New Hampshire). 70% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Conway at a glance
| Conway | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $264,900 | $402,500 | $332,700 |
| Median property tax paid per year | $3,531 | $6,667 | $3,119 |
| Property tax as a share of value | 1.33% | 1.66% | 0.94% |
| Median household income | $59,167 | $99,031 | $80,734 |
| Homes lived in by their owners | 70% | 73% | 65% |
| Owner homes with a mortgage | 40% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,799 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 21.9% | 21.0% |
| Median rent | $1,041 | $1,491 | $1,413 |
| Rent as a share of renters' income | 31.7% | 29.4% | 30.6% |
| Median year homes were built | 1985 | 1979 | 1980 |
| Vacant homes | 17.8% | 14.3% | 10.1% |
| Population | 3,879 | 1,394,868 | 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 $264,900 with 20% down costs about $1,830 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,271, 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 $78,410 for the 20%-down payment. That payment is 37% of the median Conway household income of $59,167; at that income and 20% down, the 28% guideline points to a home of about $200,000.
The median rent here is $1,041 a month, so owning the median home costs about $789 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,980 |
|---|---|
| Loan amount | $211,920 |
| Principal and interest | $1,426 |
| Property taxes (1.33% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| PMI | $0 |
| Total per month | $1,830 |
Change the numbers in the calculator
| Down payment | $9,272 |
|---|---|
| Loan amount | $260,102 |
| Principal and interest | $1,750 |
| Property taxes (1.33% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $110 |
| FHA mortgage insurance | $117 |
| Total per month | $2,271 |
Change the numbers in the calculator
Questions about home buying in Conway
What is the median home value in Conway?
About $264,900 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 $3,531 a year, which is about 1.33% 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 $1,830 a month. Keeping that under 28% of gross income takes about $78,410 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