Conway, AR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Conway short-term rental market based on reliable data.

Listings

122 / 212

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$23,154

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$241,206

Median Home Sale Price

Top Earners

$44,293

Top-Earners Revenue

Conway

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Conway.

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B

Generally Investor friendly

Conway Regulations

Conway allows STRs citywide in single-family dwellings with a clear licensing process and moderate annual fee ($100), but requires fire/building inspections, $1M liability insurance, a local 24/7 representative, and monthly A&P tax reporting. The compliance burden is manageable and predictable, making STRs viable for investors despite the regulatory requirements.

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About Conway

Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start-up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges".As of the 2020 Census, the city proper had a total population of 64,134, making Conway the eighth-most populous city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

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