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Preforeclosure Homes in Conway, AR 72034

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Living in Conway, AR

Conway is a growing suburban city in central Arkansas known for its educational institutions, family-friendly atmosphere, and beautiful parks. With a variety of amenities, recreational activities, and cultural events, Conway presents a strong community vibe that's perfect for families and professionals alike.

Current Market Conditions in Conway, AR

The real estate market in Conway has steadily grown over the past few years, with increased demand for housing due to its proximity to major employers and educational institutions. The city’s affordable housing options combined with a vibrant community attract many new residents looking to settle down or invest in rental properties.

In the past few months, there’s been a noticeable increase in home sales, driven by low mortgage rates and an expanding job market. However, inventory has been somewhat limited, leading to competition among buyers, particularly for homes in desirable neighborhoods that are known for their school ratings and community amenities.

Home Value Estimator For Conway, AR

There are currently 23,479 real estate properties in Conway, AR, with a median automated valuation model (AVM) price of $232,849.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Conway, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Conway, AR, is $272,599.00, with the most expensive house in Conway, AR, topping out at $26,136,472.00 and the cheapest home in Conway, AR, clocking in at $10,510.00. In other words, there’s something for every potential homebuyer or savvy investor in Conway, AR!

Rent Prices In Conway, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Conway, AR, is on a rollercoaster ride. The average rent price in Conway, AR, is $1,052.00. Indeed, when looking to rent in Conway, AR, you can expect to pay as little as $500.00 or as much as $2,410.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Conway, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Conway, AR 72034 Preforeclosure Homes


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