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City · 21,317 residents · Santa Rosa County, Florida

Midway , Florida

In Midway, a typical home is worth $381,600 and typical rent is $1,645 a month. Compared with all of Santa Rosa County, the typical home value is 16% higher and typical rent is 7% higher.

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  • Typical home value

    $381,600

    16% above the county

    6% above Florida

    • Midway
    • Santa Rosa
    • Florida

  • Typical rent

    $1,645a month

    7% above the county

    About the same as Florida

    • Midway
    • Santa Rosa
    • Florida

  • Typical household income

    $96,041a year

    4% above the county

    29% above Florida

    • Midway
    • Santa Rosa
    • Florida

  • Households that own their home

    79%

    2 points below the county

    11 points above Florida

    • Midway
    • Santa Rosa
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Midway is in Santa Rosa County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Santa Rosa County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Midway apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in East Milton, the typical home value is $212,900: 44% less than in Midway ($381,600).

  2. Nearby, in East Milton, the typical rent is $1,157: 30% less than in Midway ($1,645).

  3. The typical home in Midway is worth $381,600, 16% more than in Santa Rosa County as a whole ($329,800).

  4. Midway has the 41st smallest share of rent-burdened renters of the 434 cities in Florida with more than 5,000 people (48%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Midway

What homes there are in Midway, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Midway, 8 in 10 homes are single-family detached houses, about the same as in Santa Rosa County.

Year built

The typical year built in Midway is 1997, about the same as in Santa Rosa County (1998).

There are fewer big homes in Midway than in Santa Rosa County: 78% have 3 bedrooms or more, against 82%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,115 a month

Santa Rosa County: $1,855 a month

Without a mortgage

$622 a month

Santa Rosa County: $555 a month

Owners with a mortgage

64%

Santa Rosa County: 63%

The typical cost for an owner with a mortgage in Midway is $2,115 a month, more than in Santa Rosa County ($1,855); without one, $622.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Midway rose 62%; in Santa Rosa County, it rose 66%.

Since 2015–2019, the typical rent in Midway rose 33%, less than in Santa Rosa County (37%).

To compare: typical income in Midway rose 62%; the home, +62%; the rent, +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMidwaySanta Rosa CountyFloridaUnited States
Rental vacancy Unreliable estimate3.9%7.6%5.5%
Homeowner vacancy Unreliable estimate1.1%1.4%0.9%
More than one person per room Unreliable estimate2.0%3.3%3.4%
People per household 2.572.672.512.53
Drive alone 68%76%70%69%
Carpool 13%8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate1%2%3%
Work from home 17%13%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

A household in Midway has 2.57 people on average, about the same as in Santa Rosa County (2.67).

Carpooling is common in Midway: 13% of workers get to work that way, against 8% in Santa Rosa County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Midway?

A typical home costs more than the typical income allows

We start with a typical home in Midway, worth $381,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 38% of the typical household income in Midway, which is $96,041 a year. For that payment to be 28% of income, a household would need to earn about $131,825 a year.

The calculator's FHA and conventional loan limits are those of all of Santa Rosa County.

Your numbers

Local data
$

Starts at the typical home value in Midway. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,356 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,076

at 7.18% · 30 years

Loan amount
$374,688
Total interest
$539,089
Paid off in
November 2056

Includes $6,444 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,241 a month

  • Tight

    $2,241 to $2,881 a month

  • Hard

    more than $2,881 a month

    Your payment · 38%

Compared with the typical household income in Midway ($96,041 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,076
Principal & interest$2,538
Property tax$210
Home insurance$159
FHA mortgage insurance (MIP)$169

You need at least $13,356 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Midway and Santa Rosa County

Midway is in Santa Rosa County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Midway's own numbers

Typical home value
$381,600
Typical monthly rent
$1,645
Typical yearly household income
$96,041
Households that own their home
79%
Effective property tax rate
0.66%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Santa Rosa County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,548
Price change over 5 years (FHFA)
+53%
Homes in a high flood-risk zone
8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Santa Rosa County.

Everything about Santa Rosa County

Buying

Buying a home in Midway

A typical home in Midway is worth $381,600: 16% above the county and 6% above Florida. With the typical household income in Midway ($96,041 a year), a typical home costs 4.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Midway 4.0 years
  • Santa Rosa 3.6 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Santa Rosa County

According to FHFA’s house price index, home prices in Santa Rosa County rose 113% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Santa Rosa County.

Period County Florida U.S.
Last year (2025) +0.7% −0.5% +2.9%
5 years (2020–2025) +53% +60% +47%
10 years (2015–2025) +113% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Midway next to Santa Rosa County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Midway $381,600
  • Santa Rosa $329,800
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Midway $1,645
  • Santa Rosa $1,544
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Midway $96,041
  • Santa Rosa $91,922
  • Florida $74,568
  • United States $80,734
See the full table
Midway next to Santa Rosa County and Florida
Measure Midway Santa Rosa County Florida U.S.
Typical home value $381,600 $329,800 $359,000 $332,700
Typical monthly rent $1,645 $1,544 $1,669 $1,413
Typical yearly household income $96,041 $91,922 $74,568 $80,734
Households that own their home 79% 81% 68% 65%
Typical yearly property tax $2,507 $1,891 $2,730 $3,119
Effective property tax rate 0.66% 0.57% 0.76% 0.94%
Renters with high rent for their income 48% 40% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Santa Rosa County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Midway

For a typical $381,600 home in Midway, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Midway's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,076a month

    Least cash to close
    Down payment
    $13,356
    Cash to close
    $24,804
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $169

  • Conventional, 5% down $3,006a month

    Down payment
    $19,080
    Cash to close
    $30,528
    Rate
    7.18%
    Mortgage insurance
    PMI · $181

  • Conventional, 20% down, no PMI $2,437a month

    Down payment
    $76,320
    Cash to close
    $87,768
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,790a month

    Down payment
    $57,240
    Cash to close
    $68,688
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Midway and for Santa Rosa County.

Property tax

Effective rate in Midway

0.66%of the home’s value each year

$2,507 a year for the typical owner in Midway.

  • Midway 0.66%
  • Santa Rosa 0.57%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Santa Rosa County

FEMA does not publish these numbers by city: they are for all of Santa Rosa County.

Homes in the high-risk zone
8%
5,594
Of those, with NFIP insurance
67%
County Florida U.S.
Homes in the high-risk zone 8% 13% 3.5%
Of those, with NFIP insurance 67% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Midway

Typical rent in Midway is $1,645 a month: 7% above the county. In Midway, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Santa Rosa County, by unit size. To pay the 2-bedroom one ($1,548 a month) without spending more than 30% of your income, you would need to earn $29.77 an hour working full time.

HUD fair market rent for all of Santa Rosa County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,154 $22.19 $46,160
1 bedroom $1,359 $26.13 $54,360
2 bedrooms $1,548 $29.77 $61,920
3 bedrooms $2,034 $39.12 $81,360
4 bedrooms $2,435 $46.83 $97,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Midway

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Midway is in ZIP code 32563.

For 2 bedrooms it is $2,030: $482 more than the fair market rent for Santa Rosa County ($1,548).

  • 32563 $2,030$2,670

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Midway when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Midway

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Santa Rosa County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

HUD counseling is free or low-cost

Assistance programs in Midway

No down payment, repair or rent-help program on our list is for Midway or Santa Rosa County. The ones below are statewide in Florida: they work in Midway the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Midway

The HUD-approved agencies closest to the center of Midway, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Enterprise Investments, Incorporated

    302 North Barcelona St, Pensacola · 13 miles away

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 10 more
    850-595-6234-206

  • Pensacola Habitat for Humanity

    300 W Leonard St, Pensacola · 13 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 434-5456

  • City of Panama City Community Development Corporation

    501 Harrison Ave, Panama City · 82 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (850) 872-7231

All counseling agencies in Florida

Help in Spanish near Midway

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Midway

In HUD’s record, no housing authority with an office in Santa Rosa County is named for Midway or Santa Rosa County.

One other authority has an office in Santa Rosa County: see the list Source: HUD

Cities

Other cities in Santa Rosa County

These cities are also in Santa Rosa County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Santa Rosa County Housing in Florida

Nearby cities

The cities closest to Midway, with the typical home value.

Neighboring counties

If Santa Rosa County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Midway.

All guides
Two girls write and draw together at the living-room table.

Questions

Housing questions about Midway

Short answers with the numbers for Midway and all of Santa Rosa County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Midway?

The typical home value in Midway is $381,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Santa Rosa County it is $329,800.

How much does it cost to rent in Midway?

Typical rent in Midway is $1,645 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Santa Rosa County is $1,548.

What is the FHA loan limit in Midway?

Midway uses the FHA limit for all of Santa Rosa County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Midway?

The typical homeowner in Midway pays $2,507 a year, according to the U.S. Census Bureau. That is 0.66% of the home’s value; in Santa Rosa County, the rate is 0.57%.

Where can I find free help to buy or rent in Midway?

We found no HUD-approved counseling agencies with an office in Santa Rosa County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).