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These days, finding an affordable place to live in the Midway area can be challenging. Home prices in Midway are now at a median cost of $214,399, lower than the Minnesota average of $345,793.
The average cost of rent is $998/mo in Midway, primarily driven by the current value of real estate in the Midway area. In Midway, 14.81% of households rent, and 44.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Midway is $5,944 per month. Households that rent pay about 16.79% of their income on rent here. Midway’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Menahga, MN: equally priced homes
- Wolf Lake, MN: higher priced homes
- Hubbard, MN: higher priced homes
- Hillview, MN: higher priced homes
- Osage, MN: higher priced homes
- Park Rapids, MN: higher priced homes
- Sebeka, MN: less expensive homes
- Snellman, MN: higher priced homes
- Dorset, MN: higher priced homes
- Nimrod, MN: equally priced homes
Cities with Similar Populations
- Golden Beach, FL: higher priced homes
- Sunburg, MN: higher priced homes
- Sumner, OR: higher priced homes
- Sulphur, SD: higher priced homes
- Stratton, CO: equally priced homes
- Strasburg, IL: less expensive homes
- Sedley, VA: higher priced homes
- Gulf Stream, FL: higher priced homes
- Greenwood, IL: higher priced homes
- Greensboro, FL: less expensive homes
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