Midway, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Midway, NC Real Estate Data


Midway Housing Market Information

With a population of 4,742, 1,993 total housing units (homes and apartments), and a median house value of $174,294, Midway real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Midway, accounting for 90.35% of the town's housing units. Other types of housing that are prevalent in Midway include mobile homes or trailers ( 7.79%), duplexes, homes converted to apartments or other small apartment buildings ( 1.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Midway. Owner-occupied housing accounts for 92.27% of Midway's homes, and 86.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Midway built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Midway built between 1940-1969 ( 23.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.05%). There's also some housing in Midway built before 1939 ( 2.20%).

Midway Home Appreciation Rates

Real estate appreciation rates in Midway's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Midway's appreciation rate, at 4.93%, has been at or slightly above the national average. In the latest quarter, Midway's appreciation rate has been 1.65%, which annualizes to a rate of 6.77%.

Relative to North Carolina, our data show that Midway's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$174,294

Midway, NC HOME PRICES

Value Range
> $1,080,000 0.3
$809,001 - $1,080,000 0.0
$539,001 - $809,000 2.2
$432,001 - $539,000 1.0
$324,001 - $432,000 4.8
$216,001 - $324,000 24.1
$108,001 - $216,000 45.8
$54,001 - $108,000 14.1
$0 - $54,000 7.7

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
41.225039526849 33.5753176043557

Number Of Homes And Apartments:
1,993

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 92.27
Renters 7.73
Vacant 2.35

Housing Market Details

 

Age of Homes

AGE OF Midway HOMES
2000 or Newer 22.0
1970 - 1999 52.0
1940 - 1969 23.8
1939 or Older 2.2

Types of Homes

TYPE OF Midway HOMES
Single-Family 90.3
Townhomes 0.0
Small Apt. Buildings 1.0
Apt. Complexes 0.8
Mobile Homes 7.8
Other 0.0

Home Size

SIZE OF Midway HOMES
No Bedroom 0.00
1 Bedroom 1.47
2 Bedrooms 10.93
3 Bedrooms 70.65
4 Bedrooms 15.73
5 or more bedrooms 1.22

Midway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.70% 0.76% 2 1
* 10 is highest

Popular Neighborhoods in Midway

Zip Codes in Midway, NC