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 Type | 2.20% |
| One Bedroom | 3.50% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 53.30% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $43,300 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.41 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $150 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 21.40% |
| Debt Free | 71.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
