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Faulkner County, AR

Cadron

RANK #613 / 996 NAT  ·  #12 / 13 AR  ·  POP 124,611

1YR FORECAST: +1.5%

5YR OUTLOOK: +21%

Faulkner County's housing market is projected to grow +1.5% over the next year, below the national average.

[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] Top Employers

  1. 1
    Conway Regional Health System Healthcare
    1,000+
  2. 2
    University of Central Arkansas Education
  3. 3
    Acxiom Technology
  4. 4
    Conway Public School District Education
  5. 5
    Conway Human Development Center Government
    500+
  6. 6
    Walmart Retail
  7. 7
    Virco Manufacturing Manufacturing
  8. 8
    Baptist Health Medical Center-Conway Healthcare
  9. 9
    Nabholz Construction Corporation Other
  10. 10
    City of Conway Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
32.5%
of residents (national avg: 33%)

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] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.6
per 100K · nat avg 6.3
Firearm Fatalities
18.7
per 100K · nat avg 14.8
Injury Deaths
74.5
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

At 38/100, Faulkner County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $61,273 combined with job growth of +2.6% suggests the local economy is struggling to keep pace with national trends.

Is Faulkner County affordable?

Housing in Faulkner County is roughly in line with national affordability norms. The median home costs $195,800 and the income-to-home-value ratio sits at 0.31, with rents averaging $931/month. Not a bargain, but not a stretch for most local earners either.

Is Faulkner County growing or shrinking?

Faulkner County is growing on multiple fronts. Population is up +1.1% year-over-year while employers added jobs at a +2.6% clip. Home values shifted +2.0% in the past year.

Are people moving to Faulkner County?

There's a moderate stream of newcomers. About 4.19% of residents moved from another state, which is above average and suggests Faulkner County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Garland County, AR 39 Saline County, AR 42 Benton County, AR 32 Pulaski County, AR 62 Crawford County, AR 83 Washington County, AR 84 Spotsylvania County, VA 38 Canadian County, OK 38