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Midway town, AR

ZIP 71941 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 71941

Median Home Value
$157,600
Median Rent
$511
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,012/mo PITI).

8%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 71941 in Midway town, AR, a household would need roughly $43,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,012. That sits below the local median household income ($78,929), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.7%+28% vs US avg
x
Vacancy Rate
14.2%+38% vs US avg
x
Broadband Access
76.0%-13% vs US avg
x
4+ Bedrooms
0.2%-99% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
5.3%-89% vs US avg
x
Mortgage-Free
50.8%+33% vs US avg
x
$157,600
Home Value
$511
Rent
1986
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.8%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other24.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$157,600
Median rent$511
Owner-occupied83.7%
Vacant14.2%
Price-to-income2.0x
Est. income to buy$43,000