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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 $242,917, lower than the South Dakota average of $268,202.
The average cost of rent is $770/mo in Midway, primarily driven by the current value of real estate in the Midway area. In Midway, 31.52% of households rent, and 44.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Midway is $6,151 per month. Households that rent pay about 12.51% of their income on rent here. Midway’s most expensive areas are in the northern 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
- Viborg, SD: less expensive homes
- Irene, SD: less expensive homes
- Pearsons Corner, SD: higher priced homes
- Spring Valley, SD: equally priced homes
- Mayfield, SD: equally priced homes
- Hurley, SD: less expensive homes
- Turkey Ridge, SD: higher priced homes
- Centerville, SD: equally priced homes
- Davis, SD: less expensive homes
- Wakonda, SD: less expensive homes
Cities with Similar Populations
- Motley, KY: higher priced homes
- Rocky Mountain, OK: less expensive homes
- Rocky Bottom, SC: higher priced homes
- Rockvale, KY: less expensive homes
- Rockland, NY: equally priced homes
- Noodle, TX: less expensive homes
- Nickleberry, TX: less expensive homes
- Newfoundland, KY: less expensive homes
- Mount Carbon, PA: equally priced homes
- Rodemer, WV: less expensive homes
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