Midway, TN Real Estate
According to census data in the year 2000 there were 1,151 housing units in Midway.
This represents a 3.4% decline from 1,192 in 1990.
Of those housing units, 758 were located in either urbanized areas or urban clusters, and 393 were located in what is classified as a rural area.
Homeownership rate in Midway is about 73%.
Midway's vacancy rate, including seasonal lodging, is about 1%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Midway were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 6.10% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 49% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $90,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 5.20% |
| Simple Mortgage | 46.20% |
| Debt Free | 43.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
