Mortgage Rates in Conway, Arkansas — March 2026
Updated March 2026 | Based on Conway market data and regional lending conditions
Conway is a growing city in Arkansas with a population of 67,336. The current 30-year fixed mortgage rate in Conway is 6.75%, which is 0.1% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,116.
Current Mortgage Rates in Conway, AR
Below are the current average mortgage rates available in the Conway area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.35% | 6.25% | +0.1% |
| VA | 6.15% | 6.05% | +0.1% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Conway Housing Market Overview
The Conway housing market offers relatively affordable housing compared to many major cities. The median household income in Conway is $42,250, and the cost of living index is 83.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,586 to comfortably afford the median-priced home in Conway, which exceeds the current median household income.
Monthly Payment Breakdown for Conway
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Conway:
15-Year vs. 30-Year Mortgage in Conway
Choosing a 15-year mortgage in Conway at 5.99% instead of a 30-year at 6.75% would save you $140,580 in total interest over the life of the loan. However, your monthly payment would be $1,451 instead of $1,116 — an increase of $335 per month.
Calculate Your Conway Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Conway
What are the current mortgage rates in Conway, AR?
As of March 2026, the average 30-year fixed mortgage rate in Conway, Arkansas is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.35% and VA loans 6.15%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Conway?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Conway is $1,116 for principal and interest. Including property taxes of $111/month, the total monthly housing cost is approximately $1,227.
What income do I need to buy a home in Conway?
Using the 28% rule, you would need an annual income of approximately $52,586 to afford the median-priced home in Conway at $215,000. The median household income in Conway is $42,250. This means most households would need to either earn above the median or consider homes below $215,000.
Is Conway a good place to buy a home in 2026?
Conway offers a below-average cost of living with a cost of living index of 83.5 (national average = 100). The property tax rate in Arkansas is 0.62%, which is below the national average. Conway has a population of 67,336 and offers a very affordable lifestyle.
Mortgage Rates in Other Arkansas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Conway, Arkansas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.