Midway, UT is a desirable area to live, evident by the median housing value of $820,800. This is significantly higher than the national median housing value of $338,100 and is indicative of a thriving local economy. The US house appreciation rate in the past year was 8.27%, but it has been even greater in Midway at 8.44%. This demonstrates the strong demand for homes in Midway and suggests that the housing market is likely to remain stable and prosperous going forward.
The median home cost in Midway is $820,800. Home appreciation the last 10 years has been 157.2%. Home Appreciation in Midway is up 16.3%.
Average Age of Homes
- The median age of Midway real estate is 16 years old
The Rental Market in Midway
- Renters make up 16.9% of the Midway population
- 3.6% 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.