Conway County Real Estate and Livability Trends
Conway County, Arkansas, has seen notable economic and housing shifts, with taxable incomes peaking in 2014 and 2021, hinting at potential economic growth. The county's median home values climbed from $91,500 in 2015 to $129,600 in 2022, suggesting affordable real estate options. Real estate taxes have also increased, indicating rising property values or tax rates. The uptick in mortgage... Read more
Conway County Market Trends
Conway County, Arkansas has observed steady housing market growth, with median home values increasing from $91,500 in 2015 to $129,600 in 2022, offering more affordable options compared to state and national medians. The county sees significant investment in energy-efficient home improvements, as evidenced by the average Residential Energy Tax Credit per tax return escalating from $1,125.00 in... Read more
Median Value of Occupied Housing Units in Conway County, Arkansas Over the Last 8 Years
Over the last eight years, Conway County, Arkansas has seen its median home values rise from $91,500 in 2015 to $129,600 in 2022. Compared to the state median, which grew from $111,400 to $162,400, Conway County maintains lower home values, potentially offering more affordable opportunities. On the national level, where median values increased from $125,500 to $179,400, Conway County's market remains significantly lower, making it a potentially attractive option for those priced out of higher-cost areas. This discrepancy suggests a more accessible entry point for prospective investors or new residents considering this region.
Residential Energy Tax Credit Per Tax Return in Conway County, AR Over the Last 8 Years
Conway County, Arkansas has seen substantial increases in the average Residential Energy Tax Credit per tax return over the past eight years. Notably, from 2016 onwards, the credit amounts have shown marked growth, skyrocketing from $1125.00 in 2019 to $2944.44 in 2021. This trend signifies heightened investments in energy-efficient home improvements, offering a lucrative incentive for potential homeowners and investors in the area.
Average Real Estate Taxes Per Tax Return in Conway County, AR Over the Last 10 Years
Conway County, Arkansas has seen a notable increase in average real estate taxes per tax return over the past decade, climbing from around $1,053.96 in 2012 to approximately $1,670.83 by 2021. This upward trend, particularly the spike to nearly $1,982.61 in 2020, likely indicates rising property values or increased tax rates. Such changes may affect budgeting for potential homeowners and investors, signaling a possibly growing or more financially demanding real estate market in the area.
Percentage of Farm Returns in Conway County, AR Over the Last 10 Years
In Conway County, Arkansas, the percentage of farm tax returns has shown a steady decline over the past decade, decreasing from 8.78% in 2012 to 7.67% in 2021. This trend is significant for investors and potential residents as it indicates a gradual reduction in farm-based economic activity, which could affect property values and local economic growth. Farm tax returns are filed by farm owners to report income and expenses related to agricultural activities, serving as an indicator of the sector's health and profitability in the region.
Number of Mortgages by Occupancy Type in Conway County, AR Over the Last 5 Years in Conway County
Over the past five years in Conway County, Arkansas, mortgages for principal residences consistently outnumber those for second residences and investment properties, though there are notable fluctuations. The number of investment property mortgages appears to have increased from 45 in 2019 to 87 in 2022, potentially indicating rising interest among investors. Conversely, the number of second residence mortgages has remained relatively stable but low, hinting at limited demand. Understanding these trends is crucial for investors and real estate professionals as shifts in occupancy types can influence property values, insurance rates, and market strategies. For instance, a surge in investment properties could accelerate rental market growth, while stable principal residence figures may reflect a slowly growing or stabilizing homeowner base.
Economic Outlook
Conway County, Arkansas, has experienced notable fluctuations in average taxable income per tax return, with significant peaks in 2014 ($53,275.65) and 2021 ($56,590.97), potentially signaling a robust economic upswing. Fluctuating state and local income taxes, peaking in 2018 at $10,231.03 and again in 2020 at $10,012.00, indicate an increasing tax burden that prospective residents should consider. Average total tax liabilities have stabilized between $6,000.00 and $7,000.00, despite peaks in... Read more
Average Taxable Income per Tax Return in Conway County, AR over the last 9 years
Conway County, AR has shown fluctuations in average taxable income per tax return over the past nine years, with notable spikes in 2014 ($53,275.65) and 2021 ($56,590.97). This growth, particularly in recent years, signals a potentially robust economic upswing that could attract investors and new residents looking for economically stable areas. Investors might find these trends indicative of increasing affluence, making it a ripe opportunity for high-value property developments and businesses aiming to target a more affluent demographic.
Average State and Local Income Taxes Per Tax Return in Conway County, AR Over the Last 10 Years
Conway County, AR has experienced fluctuations in average state and local income taxes over the past decade, peaking significantly in 2018 at $10,231.03. The taxes showed a notable rise again in 2020 to $10,012.00, indicating increased fiscal contributions from residents. This upward trend suggests an elevating tax burden, which prospective movers and current residents might want to factor into their financial planning.
Average Total Tax Liability Per Tax Return in Conway County, AR Over the Last 10 Years
Over the past decade, Conway County, Arkansas has seen fluctuations in average total tax liability per tax return, with notable peaks in 2014 at $9,359.93 and 2021 at $7,523.34. Despite these increases, the numbers have generally stabilized between $6,000.00 and $7,000.00, suggesting a relatively stable financial climate for potential investors or current residents. Understanding these tax trends is crucial for anyone looking to make a financial move in Conway County, whether that's investing, relocating, or building property.
Cost of Living in Conway County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,002 | $1,283 | $1,862 | $966 | $984 |
| 1 adult 4 children | $1,002 | $1,048 | $1,425 | $966 | $1,124 |
| 2 adults 3 children | $1,002 | $1,048 | $1,616 | $966 | $779 |
| 1 adult 3 children | $1,002 | $856 | $1,178 | $966 | $842 |
| 2 adults 2 children | $720 | $858 | $1,369 | $839 | $662 |
| 1 adult 2 children | $720 | $641 | $931 | $839 | $612 |
| 2 adults 1 child | $720 | $678 | $1,122 | $426 | $634 |
| 1 adult 1 child | $720 | $438 | $684 | $426 | $553 |
| 2 adults | $547 | $545 | $875 | $0 | $522 |
| 1 adult | $539 | $297 | $438 | $0 | $496 |
Safety trends & Data
Conway County, Arkansas, shows fluctuating property crime trends over the past five years, with larceny-theft being the most common, ranging from 50.00 to 85.00 incidents annually. Fraud and vandalism also pose significant concerns, while arson and motor vehicle theft remain relatively low. These patterns suggest that prospective investors, insurers, and residents should consider prudent security and insurance measures due to the moderate property-related... Read more
Property Crime Trends in Conway County, AR Over the Last 5 Years
Over the last five years, Conway County, Arkansas, has experienced varying trends in property crimes. Notably, larceny-theft remains the most reported crime, with numbers fluctuating between 50.0 to 85.0 incidents annually. Fraud and vandalism also show significant presence, indicating potential concerns for residents and businesses. Specific crimes like arson and motor vehicle theft are relatively low but still present. For prospective investors, insurers, and residents, these patterns suggest a moderate level of property-related risks, necessitating prudent security and insurance measures.
Demographics
In 2022, Conway County, Arkansas had a slightly higher female population compared to males. Educational attainment data suggested that while most residents finished high school, a notable percentage pursued some college education without completing a degree. Age distribution figures indicated a significant concentration of residents in the 55 to 64 age bracket, implying a potentially aging population. Racially, the county was predominantly White with smaller representations from Black or... Read more
Race Distribution in Conway County, Arkansas (2022)
Educational Attainment in Conway County, Arkansas (2022)
Age Distribution in Conway County, Arkansas
Citizen Population in Conway County, Arkansas (2022)
Political Trends & Data
Conway County, Arkansas, leaned heavily Republican in the 2020 U.S. Presidential Election, a trend that might indicate broader political tendencies in rural areas. Democrats secured fewer votes, while Libertarian and Green party presence was minimal, suggesting limited regional appeal or... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Conway County, Arkansas, seemed to lean heavily Republican during the 2020 U.S. Presidential Election, possibly reflecting a broader trend seen in rural areas. While Democrats managed to secure a significant portion of the vote, it was still notably less than their Republican counterparts. The Libertarian and Green parties, along with other smaller parties, captured a minimal share, which may suggest limited appeal or visibility in this region.
65.56% of voters voted for the Republican party in the 2020 Presidential Election
30.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
3.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Conway County, Arkansas has seen its student-to-teacher ratio generally remain below the national average, peaking at 13 in 2017 and dropping to 11 in 2021. This trend towards smaller class sizes can appeal to prospective residents and investors interested in strong educational environments. For real estate agents, appraisers, and insurance agents, this suggests a potentially marketable advantage, as smaller class sizes often correlate with better student performance and a higher quality of... Read more
Student-to-teacher ratio in Conway County, Arkansas over the last 10 years
Conway County, Arkansas has seen fluctuations in its student-to-teacher ratio over the past decade, with numbers generally staying below the national average of 14 students per teacher. Notably, the ratio peaked in 2017 at approximately 13 and reached its lowest in 2021 at around 11. This trend may suggest a focus on smaller class sizes, which could appeal to both prospective residents and investors looking for strong educational environments. For real estate agents, appraisers, and insurance agents, these metrics could indicate a potentially marketable advantage, as smaller class sizes often correlate with better student performance and a higher quality of life.
