Market Overview
Home Prices in Conway, MO
The median home value in Conway, MO is $268,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Conway are priced34% below average. Conway is part of the Springfield, MO metro area.
Over the past five years, Conway home values have risen by approximately35.6%, reflecting strong long-term appreciation in this market.
Price History
Conway Home Price Trend
City Comparison
Conway vs. National Median
At $268,815, homes in Conway cost 34% below the national median of $410,000. This makes Conway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Conway?
20% Down Payment
$53,763
on $268,815
Monthly P&I
$1,402/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,781/mo
incl. taxes & insurance
Income Needed
$71,240
gross annual (30% rule)
10% Down Option
$26,882
+ PMI applies
Loan Amount (20% dn)
$215,052
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Conway, MO?
The median home value in Conway is $268,815 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Conway?
Over the past year, home values in Conway have increased by 5.8%. Over five years, prices have risen approximately 35.6%.
How much do I need to earn to buy a home in Conway?
To comfortably afford the median home price of $268,815 with a 20% down payment ($53,763) at today's rates (6.8%), you'd need a gross annual income of approximately $71,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Conway compare to the national average home price?
The national median home value is approximately $410,000. At $268,815, homes in Conway are 34% below the national average.
What metro area is Conway part of?
Conway is part of the Springfield, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.