Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 723, 348 total housing units (homes and apartments), and a median house value of $214,429, house prices in Conway are solidly below the national average.
Single-family detached homes are the single most common housing type in Conway, accounting for 62.95% of the town's housing units. Other types of housing that are prevalent in Conway include large apartment complexes or high rise apartments ( 20.98%), mobile homes or trailers ( 12.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.33%).
The most prevalent building size and type in Conway are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.47% owning and 42.53% renting.
There is a lot of housing in Conway built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Conway built between 1940-1969 ( 37.05%). A lesser amount of the housing stock also hails from before 1939 ( 8.55%). There's also some housing in Conway built between 2000 and later ( 1.04%).
In the last 10 years, Conway has experienced some of the highest home appreciation rates of any community in the nation. Conway real estate appreciated 130.56% over the last ten years, which is an average annual home appreciation rate of 8.71%, putting Conway in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Conway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Conway's appreciation rate, at 7.75%, has been at or slightly above the national average. In the latest quarter, Conway's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.
Relative to North Carolina, our data show that Conway's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$214,429
for North carolina
for nation
348
$1,117 / per month