ZIP Code · AR

ZIP 72032

Part of Conway, AR

Pop. 34,469·Faulkner County·37th most expensive ZIP in Arkansas

Median rent (all units)

$1,209/mo

Year-over-Year

+1.2%

Month-over-Month

Stable

vs US Median

-$723

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 72032 · $1,209

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$990

1 BR

$990

2 BR

$1,150

3 BR

$1,540

4 BR+

$1,830

Research median

$1,150/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 72032 is 0.2% below its high of $1,211 in July 2026, at $1,209 as of September 2026.

Past year vs. the rest of Arkansas

Rent in ZIP 72032 changed +1.2% over the year to September 2026. Across the 44 Arkansas ZIP codes Zillow tracks, the typical change was +2.4%.

What a typical income covers

30% of the median household income ($64,695) is $1,617 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,540); a 4-bedroom is $1,830.

From Zillow's monthly rent index (ZORI) for ZIP 72032. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,508/yr

At $1,209/mo median

Location

CityConway

StateAR

CountyFaulkner County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.2% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 72032 (Conway, AR) is majority owner-occupied, has a median income below the national average, 30.2% of residents hold a bachelor's degree or higher.

Population

34,469

Median income

$64,695

Median age

33.8

Renters

36.6%

Age distribution

21.5%

29.6%

22.5%

13.1%

13.3%

Under 1821.5%

18–3429.6%

35–5422.5%

55–6413.1%

65+13.3%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

75.2%

14.5%

White75.2%

Black14.5%

Hispanic7.9%

Asian1.3%

Other1.1%

Education (25+)

31.5%

32%

30.2%

No HS diploma6.4%

HS diploma31.5%

Some college32%

Bachelor's+30.2%

Housing tenure

63.4%

36.6%

Owner63.4%

Renter36.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 72032 in Conway, AR has changed in 5 years

Rent

$1,046 → $1,209

up 15.6%

Income

$53,048 → $64,695

up 22.0%

Population

34,137 → 34,469

up 1.0%

Renter share

39.8% → 36.6%

-3.2 pts

Bachelor's+

24.7% → 30.2%

+5.5 pts

Median age

33 → 33.8

+0.8 yrs

Compared with 2022, rent in ZIP 72032 in Conway, AR has climbed by $163 per month, settling near $1,209 after starting the period at $1,046. Census figures show median household income at $64,695 today, compared with $53,048 five years earlier. Income growth outran rent by about 6.4 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 34,137 to 34,469 between 2021 and 2024, a 1.0% change. About 36.6% of households rent today, against 39.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 24.7% to 30.2%. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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About renting in ZIP 72032

Last updated: October 17, 2026

ZIP code 72032 covers Conway, AR. The median rent here is $1,209/mo as of October 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,150/mo.

At 22% of local median household income ($64,695/yr), ZIP 72032 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 72032?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,209/mo in ZIP 72032. The local median household income is $64,695/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 72032?

Rent in ZIP 72032 has risen 1.2% over the past year as of September 2026. It sits 0.2% below its high of $1,211 in July 2026.

How does ZIP 72032 compare to other ZIPs in Arkansas?

ZIP 72032 is in the middle among Arkansas ZIP codes for rent, ranking #37 of 61 at $1,209/mo. Over the year to September 2026, rent in ZIP 72032 changed +1.2%, against a typical +2.4% across the 44 Arkansas ZIP codes Zillow tracks.