Midway, KY

Midway is a small town located in Kenton County, Kentucky. The population was 1,816 at the 2010 census. Midway is home to the Midway Speedway which hosts races for NASCAR and IndyCar. The town also has a number of businesses that cater to tourists such as the Kentucky Horse Park and the Bluegrass Museum.

Real estate in Midway is primarily made up of single family homes and condos. There are also a few commercial properties available, but they are not as prevalent as in larger towns. The median price for a home in Midway was $130,000 in 2016 according to Zillow. This is lower than the median price for Kenton County at $157,500 but higher than the national median of $119,000. The average list price for a home in Midway was $154,900 in 2016 according to Zillow. This is lower than the countywide average of $174,500 but higher than the national average of $130,000.

The main reason why homes are cheaper in Midway compared to other parts of Kenton County or Kentucky is likely due to its smaller size and lack of commercial development. There are only about 20 homes per square mile compared to 50 or more per square mile in larger towns such as Covington or Lexington. Additionally, there is no major highway running through Midway which may limit access by buyers from outside of town or restrict potential development opportunities on land that currently exists.

The main reason why homes are more expensive on average in Midway compared to other parts of Kentucky may be due to its proximity to Louisville which has a much larger population and greater demand for housing stock relative to other areas of the state. Louisville also has more amenities available such as shopping malls and restaurants which could drive up prices for properties near these areas even if they are not located within town limits themselves