Conway County, Arkansas: commercial real estate data.
Conway County, Arkansas had an estimated 21,422 residents on July 1, 2024, up 3.4 percent since the 2020 census base of 20,713, across 552 square miles. County output reached $1.02 bn in 2024, 417 establishments operate here, and the SBA record carries 26 7(a) approvals worth $7.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Conway County
How many people live in Conway County
- Population, American Community Survey 2020-202421,054
- Households8,279
- Average household size2.54
- Median household income$54,187
- Median age42.2
- Median gross rent$755 per month
- Median owner-occupied home value$154,100
- Home value to household income2.8 times
- Annual rent as a share of median income16.7 percent
- Adults 25 and over with a bachelor degree or higher19.9 percent
- Adults 25 and over with a graduate degree5.9 percent
- Adults 25 and over14,626
- Population under 184,758
- Share under 1822.6 percent
- Population 65 and over4,158
- Share 65 and over19.7 percent
- Working age population, 18 to 6412,138
- Civilian labor force9,144
- Unemployment rate6.4 percent
- Labor force participation, adults 18 and over56.1 percent
- Rank by population among Arkansas counties32nd of 75
- Rank by population among US county-equivalents, Puerto Rico included1818th of 3,222
Conway County is the 32nd largest of 75 Arkansas counties by population. A median home costs 2.8 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 22.6 percent against 19.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Conway County
Is Conway County's population growing?
- Population, July 1, 202421,422
- Census 2020 base population20,713
- Population change since the 2020 census base3.42 percent
- Population change, 2023 to 2024304
- Births, 2024220
- Deaths, 2024329
- Natural change, 2024-109
- Net domestic migration, 2024393
- Net international migration, 202425
- Total net migration, 2024418
- Cumulative net domestic migration, 2021 to 2024961
- Rank by growth among US county-equivalents790th of 3,144
The county has grown 3.42 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Conway County
Where are people moving to Conway County from?
- Tax returns filed by households arriving556
- People arriving, from those returns1,161
- Tax returns filed by households leaving471
- Net household movement85
- Adjusted gross income arriving$25.1 m
- Net adjusted gross income movement$4.4 m
- Average income of an arriving household$45,117
- Average income of a leaving household$43,898
- Largest single originFaulkner County (144 households)
- Largest single destinationFaulkner County (132 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Faulkner County | 144 | 302 | $6.3 m |
| Pope County | 72 | 166 | $3.4 m |
| Pulaski County | 37 | 65 | $1.7 m |
| Perry County | 30 | 69 | $1.1 m |
| Van Buren County | 21 | 45 | $907,000 |
Households arriving report $1,219 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Faulkner County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Conway County
What is the Conway County economy?
- County GDP, 2024$1.02 bn
- County GDP, 2023$957.4 m
- GDP change, 2023 to 20246.1 percent
- GDP change over five years43.7 percent
- Rank by GDP among the Arkansas areas BEA publishes29th of 75
- Rank by GDP among the US county areas BEA publishes1830th of 3,127
- GDP per resident$48,264
Output grew 6.1 percent in the latest year and 43.7 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Conway County
Employment by industry in Conway County
- Covered employment, annual average6,503
- Establishments reporting499
- Average annual pay$49,612
- Average weekly wage$954
- Manufacturing, employment1,080
- Manufacturing, average annual pay$70,231
- Retail trade, employment803
- Retail trade, average annual pay$34,092
- Construction, employment546
- Construction, average annual pay$70,346
- Transportation and warehousing, employment349
- Transportation and warehousing, average annual pay$57,273
- Administrative and support and waste management services, employment240
- Agriculture, forestry, fishing and hunting, employment159
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,080 | 21 | $70,231 |
| Retail trade | 803 | 71 | $34,092 |
| Construction | 546 | 55 | $70,346 |
| Transportation and warehousing | 349 | 16 | $57,273 |
| Administrative and support and waste management services | 240 | 10 | $35,604 |
| Agriculture, forestry, fishing and hunting | 159 | 14 | $51,156 |
| Finance and insurance | 118 | 24 | $68,658 |
| Professional, scientific and technical services | 99 | 29 | $48,505 |
Manufacturing is the largest private sector at 1,080 jobs, 16.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Conway County
How many businesses are in Conway County?
- Establishments, all industries417
- Employment at those establishments4,822
- Annual payroll$234.1 m
- Establishments per 1,000 residents19.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Conway County
Building permits in Conway County
- Housing units authorized by permit, 202411
- Declared construction value permitted$1.4 m
- Single family units authorized11
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$127,772
- Units authorized per 1,000 households1.3
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Conway County
SBA loans in Conway County (7(a) and 504)
- 7(a) approvals recorded26
- 7(a) gross approval dollars$7.6 m
- Average 7(a) approval$294,131
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$821,250
- Largest single approval$1,315,500
- Jobs reported supported, 7(a)217
- Jobs per approval8.3
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals19
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.7 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter21
- Franchise loans2
- Franchise share of approvals7.7 percent
- Leading industry by approval countJanitorial Services (3)
- Most active lenderU.S. Bank, National Association (6)
- 504 approvals recorded2
- 504 gross approval dollars$2.0 m
- Average 504 approval$1,021,000
- Median 504 approval$1,021,000
- Distinct CDCs active1
- 504 jobs per approval12.5
- 504 jobs per million dollars approved12.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$9.7 m
The average approval of $294,131 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 7.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Conway County
SBA loan default and charge-off rates in Conway County
Do SBA loans in Conway County get paid back?
- Loans with a final outcome recorded13
- Paid in full13
- Charged off0
- Status: Paid in full13
- Status: Exempt from disclosure8
- Status: Cancelled3
- Status: Committed, not yet disbursed2
Only 13 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Conway County
SBA lending by place in Conway County
- Borrower cities with recorded lending9
- Morrilton, approvals8
- Plumerville, approvals5
- Adona, approvals3
- Menifee, approvals3
- Atkins, approvals2
- Oppelo, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Morrilton | 8 | $451,400 |
| Plumerville | 5 | $1,732,000 |
| Adona | 3 | $1,709,400 |
| Menifee | 3 | $1,348,900 |
| Atkins | 2 | $2,083,000 |
| Oppelo | 2 | $80,000 |
| Hattieville | 1 | $141,000 |
| Center Ridge | 1 | $51,700 |
| 1 other borrower city | 1 | $50,000 |
Morrilton accounts for 8 approvals against 5 in Plumerville. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Conway County
How large is Conway County?
- Land area552 sq mi
- Rank by land area among Arkansas counties71st of 75
- Width, east to west31.7 mi
- Height, north to south27 mi
- Geographies sharing a boundary5
- Residents per square mile of land38
- Establishments per square mile0.76
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Conway County
Flood risk in Conway County
- Participation of the county's own NFIP community Conway County, unincorporated areasParticipating, community 050426
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Conway County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Conway County (community 050426), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Conway County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Conway County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Conway County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202421,054
- Households8,279
- Average household size2.54
- Median household income$54,187
- Median age42.2
Common questions
Conway County questions, answered from the record.
How many people live in Conway County, Arkansas?
The Census Bureau estimates 21,422 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,054, in 8,279 households, ranking 32nd of 75 Arkansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Conway County's population growing?
The population has grown 3.42 percent since the 2020 census base of 20,713, to 21,422 on July 1, 2024. In 2024 there were 220 births against 329 deaths, with net migration of 418. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Conway County?
$54,187. The median owner-occupied home is valued at $154,100, which is 2.8 times income, and median gross rent is $755 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Conway County?
417 establishments, employing 4,822 people with an annual payroll of $234.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Conway County?
Manufacturing is the largest private sector at 1,080 jobs, 16.6 percent of covered employment. Covered employment averages 6,503 jobs at an average annual pay of $49,612, or $954 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Conway County?
26 7(a) approvals totaling $7.6 m since FY2020, across 12 lenders, with a median approval of $100,000, plus 2 504 approvals worth $2.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Conway County?
11 housing units were authorized by permit in 2024, with a declared construction value of $1.4 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Conway County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Conway County come from?
The largest single origin is Faulkner County, with 144 households. Arriving households report an average income of $45,117 against $43,898 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Conway County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Conway County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Conway County
Cities and places in Conway.
8 Census places lie wholly or partly in Conway County. All 8 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Morrilton | city | 7,080 | 8 | Wholly in this county |
| Plumerville | city | 1,128 | 5 | Wholly in this county |
| Oppelo | city | 1,118 | 2 | Wholly in this county |
| Springfield | CDP | 438 | None recorded | Wholly in this county |
| Menifee | town | 409 | 3 | Wholly in this county |
| Center Ridge | CDP | 211 | 1 | Wholly in this county |
| Jerusalem | CDP | 57 | None recorded | Wholly in this county |
| Hattieville | CDP | 41 | 1 | Wholly in this county |
A further 6 of the county's 26 SBA 7(a) approvals are to borrowers in cities that match no Census place in Conway County, the largest being Adona (3), Atkins (2), Solgohachia (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby