Midway, NM is a small town that has seen an increase in its housing median value over the past year. The median value of homes in Midway is currently $170,000, which is significantly lower than the national median of $338,100. Despite this difference, Midway homes have still seen an appreciation rate of 4.31% over the last year, which is lower than the national rate of 8.27%. Although home values may not be as high as other areas in the country, Midway offers potential owners the chance to find great deals on properties and benefit from an appreciating market regardless.
The median home cost in Midway is $170,000. Home appreciation the last 10 years has been 51.7%. Home Appreciation in Midway is up 6.2%.
Average Age of Homes
- The median age of Midway real estate is 33 years old
The Rental Market in Midway
- Renters make up 15.9% of the Midway population
- 0.0% of houses and apartments in Midway, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.