Midway, UT—84049
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midway, UT
As of Oct '25, the median home price in Midway, UT is $917,000, with a year-over-year change of 0.4%. This indicates that home prices in Midway, UT are flat. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $917,000 | 0.4% |
| Single Family | $996,000 | 0.5% |
| Condos | $427,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $412,000 | -5.1% |
3 Bed | $756,000 | 0.3% |
4 Bed | $1,049,000 | -0.4% |
| 5 Bed | $1,334,000 | 0.0% |
% of Housing Stock
Rental Trends — Midway, UT
As of July '25, Rentcast reports the average rent in Midway, UT is $3,120, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Midway, UT is 2-bedrooms: $2,210, 3-bedrooms: $3,200, 4-bedrooms: $3,800. The most common rental property sizes in Midway, UT are 3-bedroom and 1-bedroom, accounting for 53.5% and 13.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $3,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,200 | $2,210 |
| 3 Bed Rent | $2,800 | $3,200 |
| 4 Bed Rent | $2,850 | $3,800 |
% of Rental Stock
Property Listings — Midway, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Midway, UT is 97. This is a increase of 18.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,090,000 | 1.0% |
Listing Count | 138 | 42.0% |
| Listings as % of Homes | 1.7% | 42.0% |
Days on Market | 97 | 18.0% |
Demographics — Midway, UT
As of the latest ACS Survey released in 2023, Midway, UT has a population of 6,930, which has increased by 27.3% over the past 5 years. Midway, UT is a popular place for families, as children make up 28.8% of the population. The area has a highly educated workforce, with 57.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,930 | 27.3% |
% Under 18 | 28.8% | 0.0% |
% Seniors | 19.2% | 10.3% |
% WFH | 24.0% | 196.3% |
% w/ College Degree | 57.6% | 17.8% |
As of the latest ACS Survey released in 2023, Midway, UT is a predominantly white area, with 96.8% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Midway, UT is hispanic, making up 1.4% of the population. Foreign-born residents account for 3.2% of the population in Midway, UT, and this percentage has increased by 128.6% 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 | 96.8% | 1.8% |
% Black | 0.0% | N/A |
% Hispanic | 1.4% | -61.1% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 3.2% | 128.6% |
Mortgage and Risk — Midway, UT
According to HUD data as of 2023, there were 214 mortgage originations in Midway, UT, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 43.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Midway, UT. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 214 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 2.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Midway, UT
Midway, UT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,980 |
| 2 Bedroom | -$10 | $2,200 | $2,190 |
| 3 Bedroom | $270 | $2,800 | $3,070 |
| 4 Bedroom | $830 | $2,850 | $3,680 |
Affordability — Midway, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $917,000 |
| Median Household Income | $140,000 |