Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Midway

Learn about the people, housing, costs and businesses in Midway, Alabama

Median Home$86,500
Median Rent$529/month
Population484
Leading IndustriesRetail · Information & Media · Finance & Insurance21% retail
Retirees22% of residentsnear the national average
Homeowners74% of occupied units
NotableAffordable Market$87k median home · lower cost than 96% of the country
NotableTransit82/100 · excellent transit access
Midway
AL

Frequently Asked Questions

What are today's mortgage rates in Midway?

As of today, the 30-year fixed mortgage rate for Midway is approximately 7.453% (7.509% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Midway
What is the median home price in Midway?

The median home value in Midway is $87k. The median monthly rent is $529. Annual property taxes average $237. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $519/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Midway is $45k/year.

Calculate your buying power
What industries drive the economy in Midway?

The largest employment sectors in Midway are retail (21%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.