Midway, AL—36053
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midway, AL
Midway, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $93,000 | -11.5% |
| Single Family | $93,000 | -11.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midway, AL
Midway, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Midway, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Midway, AL is 174. This is a increase of 161.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $98,500 | -59.0% |
Listing Count | 3 | 10.0% |
| Listings as % of Homes | 0.1% | 10.0% |
Days on Market | 174 | 161.0% |
Demographics — Midway, AL
As of the latest ACS Survey released in 2023, Midway, AL has a population of 2,590, which has increased by 44.8% over the past 5 years. Midway, AL is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 7.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,590 | 44.8% |
% Under 18 | 19.3% | -26.1% |
% Seniors | 15.7% | 11.3% |
% WFH | 1.6% | -30.4% |
% w/ College Degree | 7.8% | -34.5% |
As of the latest ACS Survey released in 2023, Midway, AL is a predominantly black area, with 84.5% of the population identifying as black. The black population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Midway, AL is white, making up 13.5% of the population. Foreign-born residents account for 0.9% of the population in Midway, AL, and this percentage has increased by 125.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 13.5% | 2.3% |
% Black | 84.5% | -2.6% |
% Hispanic | 0.3% | ∞% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Midway, AL
According to HUD data as of 2023, there were 3 mortgage originations in Midway, AL, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Midway, AL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 3 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Midway, AL
Midway, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,570 |
Affordability — Midway, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $93,000 |
| Median Household Income | $47,500 |