ZIP Code · AR

ZIP 72034

Part of Conway, AR

Pop. 50,285·Faulkner County·25th most expensive ZIP in Arkansas

Median rent (all units)

$1,380/mo

Year-over-Year

+4.5%

Month-over-Month

+1.0%

vs US Median

-$552

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 72034 · $1,380

More affordable than 81% 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

Cheapest month to sign

December. Asking rents in ZIP 72034 usually run 0.7% below trend in December and 0.7% above it in July, about $19 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 72034 is at its highest level since Zillow's records here began in July 2017.

Past year vs. the rest of Arkansas

Rent in ZIP 72034 changed +4.5% over the year to September 2026. Across the 44 Arkansas ZIP codes Zillow tracks, the typical change was +2.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 72034 rose 38.8% while median household income rose 25.3% ($52,400 to $65,635). Rent outpaced income.

Since before the pandemic

Rent in ZIP 72034 is 43.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($65,635) is $1,641 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,540); a 4-bedroom is $1,830.

Cheaper nearby

ZIP 72032, 7 miles away, rents for 12% less ($1,209/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 72034. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,560/yr

At $1,380/mo median

Location

CityConway

StateAR

CountyFaulkner County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.5% YoY, +1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 72034 (Conway, AR) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 46.1% of residents hold a bachelor's degree or higher.

Population

50,285

Median income

$65,635

Median age

32.4

Renters

52.4%

Age distribution

20.9%

33.4%

23.5%

12.5%

Under 1820.9%

18–3433.4%

35–5423.5%

55–649.8%

65+12.5%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

72.2%

16.5%

White72.2%

Black16.5%

Hispanic6.4%

Asian1.4%

Other3.4%

Education (25+)

21.4%

27%

46.1%

No HS diploma5.5%

HS diploma21.4%

Some college27%

Bachelor's+46.1%

Housing tenure

47.6%

52.4%

Owner47.6%

Renter52.4%

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

2021 vs 2026

How ZIP 72034 in Conway, AR has changed in 5 years

Rent

$1,060 → $1,380

up 30.2%

Income

$51,526 → $65,635

up 27.4%

Population

47,096 → 50,285

up 6.8%

Renter share

51% → 52.4%

+1.4 pts

Bachelor's+

46.3% → 46.1%

-0.2 pts

Median age

31.5 → 32.4

+0.9 yrs

Since 2021, the typical rent in ZIP 72034 in Conway, AR has climbed from $1,060 to $1,380, a 30.2% change over five years. On the earnings side, the typical household in ZIP 72034 in Conway, AR now reports about $65,635, up from $51,526 in 2021. The population has grown by 6.8% since 2021, moving from about 47,096 residents to roughly 50,285. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 72034 in Conway, AR reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 72034

Last updated: October 17, 2026

ZIP code 72034 covers Conway, AR. The median rent here is $1,380/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 25% of local median household income ($65,635/yr), ZIP 72034 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 72034?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,380/mo in ZIP 72034. The local median household income is $65,635/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 72034?

Rent in ZIP 72034 has risen 4.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in July 2017.

When is the cheapest time to rent in ZIP 72034?

Asking rents in ZIP 72034 are usually lowest in December, about 0.7% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $19 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 72034?

Yes. From 2019 to 2024, rent in ZIP 72034 rose 38.8% while median household income rose 25.3%, from $52,400 to $65,635. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 72034 compare to other ZIPs in Arkansas?

ZIP 72034 is in the middle among Arkansas ZIP codes for rent, ranking #25 of 61 at $1,380/mo. Over the year to September 2026, rent in ZIP 72034 changed +4.5%, against a typical +2.4% across the 44 Arkansas ZIP codes Zillow tracks.