Midway, KY—40347
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midway, KY
As of Oct '25, the median home price in Midway, KY is $347,000, with a year-over-year change of 3.7%. This indicates that home prices in Midway, KY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | 3.7% |
| Single Family | $347,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 2.2% |
3 Bed | $324,000 | 3.2% |
4 Bed | $474,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midway, KY
As of July '25, Rentcast reports the average rent in Midway, KY is $2,100, with a year-over-year rent change of -28.8%. Per bedroom, the median rent as of July '25 in Midway, KY is 2-bedrooms: $1,100, 4-bedrooms: $2,760. The most common rental property sizes in Midway, KY are 2-bedroom and 1-bedroom, accounting for 37.7% and 21.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,500 | $2,760 |
% of Rental Stock
Property Listings — Midway, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Midway, KY is 104. This is a increase of 49.0% 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 | $939,000 | -14.0% |
Listing Count | 12 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 104 | 49.0% |
Demographics — Midway, KY
As of the latest ACS Survey released in 2023, Midway, KY has a population of 4,000, which has increased by 38.2% over the past 5 years. Midway, KY is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 45.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,000 | 38.2% |
% Under 18 | 19.7% | 3.1% |
% Seniors | 18.4% | 26.0% |
% WFH | 16.6% | 167.7% |
% w/ College Degree | 45.9% | 7.5% |
As of the latest ACS Survey released in 2023, Midway, KY is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Midway, KY is black, making up 5.0% of the population. Foreign-born residents account for 8.6% of the population in Midway, KY, and this percentage has increased by 59.3% 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 | 86.4% | -1.3% |
% Black | 5.0% | 38.9% |
% Hispanic | 4.0% | -43.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 8.6% | 59.3% |
Mortgage and Risk — Midway, KY
According to HUD data as of 2023, there were 39 mortgage originations in Midway, KY, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Midway, KY. Investor activity is low, as 8.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Midway, KY
Midway, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | -$20 | $1,100 | $1,080 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | -$850 | $2,500 | $1,650 |
Affordability — Midway, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $347,000 |
| Median Household Income | $84,100 |