Real Estate Prices and Overview
Midway City median real estate price is $712,891, which is more expensive than 64.4% of the neighborhoods in California and 91.5% of the neighborhoods in the U.S.
The average rental price in Midway City is currently $2,107, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.9% of California neighborhoods.
Midway City is a densely urban neighborhood (based on population density) located in Westminster, California.
Midway City real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Midway City neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Midway City, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 87.5% of all neighborhoods in the U.S. This means that the housing supply in Midway City is very tight compared to the demand for property here.
People - One of the really interesting characteristics about the Midway City neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.2% of college-friendly places to live in the state of California.
Income - The neighbors in the Midway City neighborhood in Westminster are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 44.7% of the neighborhoods in America. With 38.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.4% of U.S. neighborhoods.
Occupations - In the Midway City neighborhood, 30.9% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (21.1%), and 20.9% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Ethnicity / Ancestry - In the Midway City neighborhood in Westminster, CA, residents most commonly identify their ethnicity or ancestry as Asian (65.0%). There are also a number of people of Mexican ancestry (20.5%), and residents who report German roots (2.5%), and some of the residents are also of Irish ancestry (1.7%), along with some English ancestry residents (1.5%), among others. In addition, 58.6% of the residents of this neighborhood were born in another country.
Getting To Work - Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Midway City neighborhood spend between 15 and 30 minutes commuting one-way to work (42.0% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (81.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Reasons To Invest
- Increasing Rental Demand
- Population Growth
- Growing Job Market
- Great Neighborhood
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