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Midway, AL Real Estate


According to census data in the year 2000 there were 229 housing units in Midway. This represents a 11.7% growth from 205 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 229 were located in what is classified as a rural area.

Homeownership rate in Midway is about 68.6%. Midway's vacancy rate, including seasonal lodging, is about 17.9%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Midway were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type2.20%
One Bedroom3.50%
Two Bedrooms31.40%
Three Bedrooms53.30%
Four Bedrooms7%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1971
Median Value of occupied units$43,300
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size3.41
Median year structure was built1955
Median Monthly Rent asked for vacant units$150

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan2.90%
Simple Mortgage21.40%
Debt Free71.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%