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Midway Independent

Learn about the people, housing, costs and businesses in Midway Independent, Texas

Median Home$333,432
Median Rent$1,574/month
Population53,993
Leading IndustriesPublic Administration · Transportation · Arts, Food & Hospitality34% public administration
Home Value Growth+6.6% over 2 years
Family-Friendly27% of residentswell above average
Homeowners70% of occupied units
NotableHighly Educated26% bachelor's · 13% graduate · top 12% nationally
NotableHigh Incomes$101k/year · top 14% nationally
Midway Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Midway Independent?

As of today, the 30-year fixed mortgage rate for Midway Independent is approximately 6.911% (6.948% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Midway Independent?

The median home value in Midway Independent is $333k. The median monthly rent is $1,574. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Midway Independent?

Home values in Midway Independent have increased 6.6% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Midway Independent?

Based on a typical all-in ownership cost of $1,610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Midway Independent is $101k/year.

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What industries drive the economy in Midway Independent?

The largest employment sectors in Midway Independent are public administration (34%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.