Rent to own Homes in Conway, AR
Cost of Living is Low! Medical services in the city offer some of the best bargains for your money! A visit to Conway Regional Health System or Ozark Express Care will cost you 17% less than the national average; a dental checkup runs 23% less!
Conway, AR is a great place for affordable rent-to-own homes! With a median household income of over $47,999 and a median rent of $820, the Conway, AR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Conway, AR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Conway, AR Property Resources
Rent to own Homes in Cities Near Conway, AR
- Alexander
- Austin
- Avilla
- Bauxite
- Benton
- Bryant
- Cabot
- Cammack Village
- College Station
- Conway
- East End
- El Paso
- England
- Gibson
- Hensley
- Jacksonville
- Jefferson
- Keo
- Landmark
- Little Rock
- Lonoke
- Mabelvale
- Maumelle
- Mayflower
- McAlmont
- Natural Steps
- North Little Rock
- Paron
- Redfield
- Roland
- Sardis
- Scott
- Shannon Hills
- Sherwood
- Sweet Home
- Tucker
- Vilonia
- Woodson
- Wrightsville
Neighborhoods in Conway, AR
No neighborhoods foundPopular Zip Codes in Conway, AR
72035 rent to own homes 72033 rent to own homes 72034 rent to own homesBuying a Home in Conway, AR
Conway, AR is seeing rapid growth and Conway, AR's' housing market remains optimal with an average home price that is -18% below the 2024 national average. Conway, AR is part of Faulkner county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Faulkner is 0.55% which is below the national average, which is 0.99%.
Median Home Price in Conway, AR
Median Rent in Conway, AR
14 Reasons to Live in Conway
Housing Prices-Down, Square Footage-Up! Conway managed to avoid the extremes of the real estate bubble. Copping the "Best Value City" title, the median sales price for a townhouse is 16% lower than the national average. Living on the outskirts of the city is even easier: it's less traffic, and you can buy or rent to own a 2,400 square foot, four bedroom home in Pleasant Valley or Hickory Creek for less than the Arkansas average.
Best Place for Business! Recognized as the best place for business and careers, this city's largest public employer, the University of Arkansas provides careers options in the medical sciences sector. Conway's intermodal river port is also a big attraction for large international corporations, such as LM Glasfiber, which recently invested approximately 40,000 square-footage of new commercial properties near the port. Further, the vacancy rate in the office submarket is a strong 7.7% with more real estate projects earmarked for later in the year.
Best Value Homes! The median home value in Conway is 59.9% greater than the Arkansas average, making homeowners in the neighborhood happy. These homes are not expensive, either. Rent to own homes in Lakewood and Park Hill offer manageable payment terms, perhaps contributing to the 60% home-ownership rate enjoyed in the city.
The Top Place to Lay a Nest Egg! Voted by leading financial magazines, including CNNMoney and Kiplinger as one of the best places to retire, Conway offers lots of fishing, boating and hunting activities in its bountiful lakes, rivers and parks. Nestled between Lake Conway and the Arkansas River, Conway's average home price is 30% less than Maumelle. Median property tax is also 19% lower than the national average, yet the quality of life is much higher.
The Best Place to Relocate! This region enjoys one of the highest percentages of job growth in the country. Its low unemployment rate has individuals from around the nation looking for rent to own houses and apartments in the hopes of restarting their careers. Median rental rate is 17.9% less than the country's average. Utility costs for housing is 21% below average. Greenbrier and River Mountain communities have attractive townhouses at good rates.
Have Fun at the "Daze" Festival! The Toad Suck Daze is one of the largest annual festivals in the city, despite its funny folklore name. Proceeds from the music-and-fun-day festival assist in scholarship opportunities for students in Faulkner County and Hendrix College.
Plan a Wine-tasting Trip! Enjoy the best wines in Arkansas Wine Country, just off Interstate 40 NW of Little Rock. Drink Chardonnay at Chateau Aux Arc or blueberry wine at Mount Bethel Winery.
Indulge in Good Eats! Jones Bar-B-Q in Marianna has been in business for over 100 years and has been featured in top foodie magazines. For a more casual setting, Feltner's Whatta Burger provides custom made hamburgers and shakes for finger-licking dining.
Intriguing Caverns and Caves! Explore natural wonders. Visitors are given guided tours of underworld caves of the Ozarks; these include the Cosmic Caverns and the Lost Valley Trail Cave.
The Gateway to Lakes and Rivers! Popular fishing lakes are in Norfolk and Beaver. For jet skiing and parasailing, White Oak and Lake Colombia are open to the public.
Rocking Good Time! After the sun goes down, there's still plenty to do in the city! Dance clubs, live music and theatrical performances abound in Hot Springs and Eureka Springs neighborhoods.
Scenic Byways and Trails! Take an Arkansas scenic drive to Great River Road or Crowley's Ridge Parkway for a world of natural diversity.
Let your Hair Down! The River Market District is a marketplace with ethnic eateries, bars and unique shops. There is also a Farmers Market overlooking Riverton Park that has the freshest produce around.