Midway, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Midway Neighborhoods Since 2000




Midway, GA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Midway Housing Market Information

With a population of 2,007, 646 total housing units (homes and apartments), and a median house value of $110,987, house prices in Midway are solidly below the national average.

Single-family detached homes are the single most common housing type in Midway, accounting for 71.62% of the city's housing units. Other types of housing that are prevalent in Midway include mobile homes or trailers ( 25.41%), row houses and other attached homes ( 1.76%), and a few large apartment complexes or high rise apartments ( 1.22%).

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 62.71% owning and 37.29% renting.

Midway homes and real estate are some of the newest in America. 50.54% 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 ( 39.86%), and between 1940-1969 ( 9.05%).

Vacant housing appears to be an issue in Midway. Fully 12.70% 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

Homes have actually lost value in Midway over the last then years, as home values have seen a decline of 25.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Midway home appreciation rates at -2.88%, which equates to an annual appreciation rate of -11.03%.

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 6.16%, which is higher than appreciation rates in 75.39% 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 -2.88%, which equates to an annual appreciation rate of -11.03%.

Notably, Midway's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Georgia, our data show that Midway's latest annual appreciation rate is higher than 60% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$110,987

Midway, GA HOME PRICES

Value Range
> $982,000 0.0
$736,001 - $982,000 0.2
$491,001 - $736,000 0.0
$393,001 - $491,000 1.0
$294,001 - $393,000 1.7
$196,001 - $294,000 14.7
$98,001 - $196,000 39.9
$49,001 - $98,000 23.1
$0 - $49,000 19.3

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
70.784015000586 57.9281183932347

Number Of Homes And Apartments:
646

Midway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
6.96% 0.39% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,155 / per month

Homeownership Rate

Homeownership
Owners 62.71
Renters 37.29
Vacant 12.70

Housing Market Details

 

Age of Homes

AGE OF Midway HOMES
2000 or Newer 50.5
1970 - 1999 39.9
1940 - 1969 9.1
1939 or Older 0.5

Types of Homes

TYPE OF Midway HOMES
Single-Family 71.6
Townhomes 1.8
Small Apt. Buildings 0.0
Apt. Complexes 1.2
Mobile Homes 25.4
Other 0.0

Home Size

SIZE OF Midway HOMES
No Bedroom 0.00
1 Bedroom 0.27
2 Bedrooms 8.65
3 Bedrooms 56.89
4 Bedrooms 31.35
5 or more bedrooms 2.84

Popular Neighborhoods in Midway

Popular Communities Near Midway, GA

Zip Codes in Midway, GA