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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Midway, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Midway, GA Housing Market Trends

With a population of 2,217, 817 total housing units (homes and apartments), and a median house value of $348,578, Midway real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Midway, accounting for 61.93% of the city's housing units. Other types of housing that are prevalent in Midway include mobile homes or trailers ( 18.42%), large apartment complexes or high rise apartments ( 13.99%), and a few row houses and other attached homes ( 3.19%).

The most prevalent building size and type in Midway are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.33% owning and 35.67% renting.

Midway homes and real estate are some of the newest in America. 51.65% of Midway's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Midway real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.83%), and between 1940-1969 ( 9.57%). There's also some housing in Midway built before 1939 ( 1.95%).

Vacant housing appears to be an issue in Midway. Fully 15.95% of the housing stock is classified as vacant. Left unchecked, vacant Midway homes and apartments can be a drag on the real estate market, holding Midway real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Midway Home Appreciation Rates

Appreciation rates for homes in Midway have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.43%, which ranks in the top 50% nationwide. This equates to an annual average Midway house appreciation rate of 6.31%.

Appreciation rates are so strong in Midway that despite a nationwide downturn in the housing market, Midway real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Midway appreciation rates continue to be some of the highest in America, at 19.80%, which is higher than appreciation rates in 99.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Midway. Midway appreciation rates in the latest quarter were at 4.92%, which equates to an annual appreciation rate of 21.17%.

Importantly, this makes Midway one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Midway's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

Median Home Value

$348,578

Midway, GA Home Prices
> $1,661,000
$1,246,001 - $1,661,000
$831,001 - $1,246,000
$665,001 - $831,000
$499,001 - $665,000
$332,001 - $499,000
$166,001 - $332,000
$83,001 - $166,000
$0 - $83,000
0.3%
0.3%
0.5%
0.5%
0.2%
0.2%
4.8%
4.8%
6.1%
6.1%
31.5%
31.5%
28.9%
28.9%
16.9%
16.9%
10.8%
10.8%
0% 100.0%
% of Homes
High

for Georgia

High

for nation

Number of Homes And Apartments:

817

Midway Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,861 / per month

Homeownership Rate

Owners
Renters
64.3%
64.3%
35.7%
35.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.9%
15.9%
84.1%
84.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.6%
51.6%
36.8%
36.8%
9.6%
9.6%
2.0%
2.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.9%
61.9%
3.2%
3.2%
2.5%
2.5%
14.0%
14.0%
18.4%
18.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
2.5%
2.5%
25.9%
25.9%
38.1%
38.1%
30.6%
30.6%
3.0%
3.0%
0% 100.0%
% of Homes

Popular Communities Near Midway, GA

Zip Codes in Midway, GA