HomeInsuranceQts

Home Insurance in Conway, Arkansas

Homes in Conway carry a median value of $252,100 - 8% higher than the Faulkner County median.

The typical home in Conway was built around 1998. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 6% of homes were built before 1960, in line with Faulkner County (5%).

In Conway, the housing stock is 58% single-family homes, 28% apartments in buildings with 5+ units and 4% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Conway, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Conway has an owner-occupancy rate of 45% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.

In Conway, 62% of homes are primarily heated with electricity.

FEMA rates Faulkner County's overall risk as Relatively Moderate, led by tornado (Relatively High). Faulkner County had 450 active NFIP flood policies as of September 2026. See the full Faulkner County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Arkansas carries a statewide average premium of $1,870 per year.

Key figures

Median home value$252,100
Median year built1998
Owner-occupied share45%
Share of owner-occupied homes with a mortgage66%
Top county hazardTornado (Relatively High)
Active NFIP policies in Faulkner County450
Home insurance premium$1,870 - statewide average (NAIC, 2023 data)
Key home insurance figures for Conway, AR

Nearby towns

Sources

Data last updated: 2026-09-29