Midway, Florida Housing Market Prices
Midway Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 45% below the Florida median$170,040
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Median rent 1% above the Florida median$1,693
Housing Market Overview
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,040 | $311,338 | $248,835 |
| Price Trend (Annual %) | 10.1% | 11.2% | 7.5% |
| Median Gross Rent | $1,693 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midway is about 45% lower than in Florida. Rent is about 1% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Midway, up about 10.1% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Midway rose about 55.2% between 2015 and 2024, from $1,091 to $1,693. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Midway.
Buying the median-priced home in Midway costs roughly 8.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midway. The price-to-rent ratio in Florida is about 15.6.
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,040 | $311,338 | $248,835 |
| Median Household Income | $103,895 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midway rose about 19.8%, while median household income rose about 51.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 57.7% | 58.5% |
| Rental Rate | 16.2% | 27.7% | 31.2% |
| Vacancy Rate | 11.6% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Midway has a homeownership rate of 72.2%, higher than the Florida average of 57.7%. Its housing vacancy rate is 11.6%, compared with 14.6% in Florida.
Housing Stock
| Metric | Midway | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.69 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1998 | 1988 | 1978 |
| Median Number of Rooms | 6.2 | 5.2 | 5.5 |
The typical housing unit in Midway was built around 1998. On average, 2.7 people live in a home with about 6.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Midway, Florida.
What is the median home price in Midway, Florida?
The median home price in Midway, Florida is $170,040, lower than the Florida average of $311,338.
What is the average home price in Midway, Florida?
The typical home price in Midway, Florida, reported as the median sale price, is $170,040. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Midway, Florida?
The median gross rent in Midway, Florida is $1,693 per month, higher than the Florida average of $1,668.
What was the median gross rent in Midway in 2020?
In 2020, the median gross rent in Midway, Florida was $1,386 per month.
What is the price-to-rent ratio in Midway, Florida?
The price-to-rent ratio in Midway, Florida is about 8.4, meaning it would take roughly 8.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midway.
Are home prices or rent rising faster in Midway, Florida?
Both home prices and rent are rising in Midway, up about 10.1% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midway, Florida?
72.2% of households in Midway, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Midway, Florida?
The housing vacancy rate in Midway, Florida is 11.6%, lower than the Florida average of 14.6%.
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