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Faulkner County, AR

RANK #454 / 996  ·  POP 124,611  ·  AR

PROJECTED GROWTH: +0.9%

Faulkner County sits in the middle of the pack — stable but not accelerating.

[01] Why Faulkner County?

Faulkner County, Arkansas, is often first recognized for Conway, its largest city and county seat, known as "The City of Colleges" due to the presence of the University of Central Arkansas, Hendrix College, and Central Baptist College. Located in central Arkansas, the county is part of the Little Rock–North Little Rock–Conway Metropolitan Statistical Area. Commuting to Little Rock is common for many residents, with an average commute time of 25.5 minutes. The community offers a blend of suburban and rural living, characterized by rolling hills, river valleys, and access to outdoor recreation at places like Lake Conway, the largest man-made lake in the nation overseen by a state Game and Fish Commission, and Cadron Settlement Park along the Arkansas River.

Life in Faulkner County is shaped by its educational institutions and a growing population, attracting families and young professionals. The public school system is highly rated, with several top-ranked elementary schools. The economy is diverse, with significant contributions from education and healthcare, and a growing presence in technology and energy sectors. The county has seen consistent population growth, driven by factors such as schools and housing.

[02] Market Snapshot

Housing Ratio
5.3x

Above national median (4.7x)

GDP Growth
+3.8%

Above national median

Home Prices
+2.0%

Outpacing national median

Climate & Terrain
-0.1

Below-average climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 5.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Faulkner County U.S. National

The Numbers

DEMOGRAPHICS
Population
124,611
+1.15% YoY
Median Household Income
$61,273
Median Home Value
$195,800
+2.05% 12mo
Median Rent
$931
Average Annual Pay
$49,974
+3.5% YoY
Employment
45,513
+2.6% YoY
Income-to-Home-Value
0.3129
More affordable than average
Migration Inflow
4.19%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
79
Slower market
Months of Supply
3.3
Balanced market
Sale-to-List Ratio
99.1%
Near asking price
Sold Above List
19.1%
Listings w/ Price Drops
22.1%
Building Permits (2024)
864
Single-Family Permits
391

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,200M
TOTAL
PROJECT AMOUNT STATUS
Conway Data Center
Forgelight Ventures (representing an unnamed Fortune 100 company, potentially Google)
$1,000M Planned
MAYFLOWER115KV Battery Storage Project
Undisclosed
$200M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.8% 70 percentile
Population Growth +1.1% 75 percentile
Income Growth +11.7% 94 percentile
Vacancy Rate 1.6% 19 percentile
Home Price Change +2.0% 60 percentile
Rent Growth +1.8% 31 percentile
Price/Rent 12x 62 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Faulkner County, AR a good place to move to?

Faulkner County has a Boom Town Index score of 54/100, ranking #454 among 996 U.S. counties. With job growth at +2.6% and a median household income of $61,273, it's an above-average county on economic indicators.

Is Faulkner County affordable?

The median home value in Faulkner County is $195,800 with median rent at $931/month. The income-to-home-value ratio is 0.3129, which is more affordable than the national average.

Is Faulkner County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: +2.6%. Home values changed +2.0% in the past 12 months.

Are people moving to Faulkner County?

Yes — 4.19% of Faulkner County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Oakland County, MI 64 Sullivan County, NY 64 Harford County, MD 64 Essex County, MA 64 Burke County, NC 64 Muskingum County, OH 64 Vigo County, IN 64 Cass County, ND 64