City Report · NC

Midway Park

·109th most expensive in North Carolina·One of the most affordable rental markets in the US
Median rent (all units)
$1,396/mo
Year-over-Year
+3.8%
Month-over-Month
+1.2%
vs US Median
-$536
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Midway Park · $1,396
More affordable than 82% of US cities · National median $1,932/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,396/mo, rent takes about 23% of the US median household income, comfortably within the 30% benchmark.

Income to afford
$56,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Midway Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$850
1 BR
$930
2 BR
$1,150
3 BR
$1,620
4 BR+
$1,950
Fair Market Rent (HUD)
$1,150/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,396 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of North Carolina

Rent in Midway Park changed +3.8% over the year to September 2026. Across the 94 North Carolina cities Zillow tracks, the typical change was +2.9%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

From Zillow's monthly rent index (ZORI) for Midway Park.

Annual cost
$16,752/yr
At $1,396/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 3.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+3.8% YoY, +1.2% MoM), not inventory.
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Community

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View Midway Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Midway Park on your salary?

At $1,396/mo, how Midway Park rent compares to typical pay (30% rule).

By apartment size

Midway Park rent by bedroom count

Median rent for each apartment size in Midway Park. Click any size for full breakdown.

Local insights

Tips for renters in Midway Park

About renting in Midway Park, NC

Last updated: October 17, 2026

The median rent in Midway Park is $1,396/mo as of October 2026. A studio apartment averages $850/mo while a 2-bedroom runs $1,150/mo. One-bedroom apartments average $930/mo and 3-bedroom units go for $1,620/mo.

At 23% of estimated US median household income ($72,000/yr), Midway Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Midway Park?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,396/mo in Midway Park.

Is rent going up or down in Midway Park?

Rent in Midway Park has risen 3.8% over the past year.

How does Midway Park rent compare to other cities in North Carolina?

Midway Park is one of the more affordable among North Carolina cities for rent, ranking #109 of 129 tracked cities at $1,396/mo. Over the year to September 2026, rent in Midway Park changed +3.8%, against a typical +2.9% across the 94 North Carolina cities Zillow tracks.
Income Affordability
23%
VERY AFFORDABLE

At $1,396/mo, rent takes ~23% of US median household income ($72,000/yr). The standard benchmark is 30%.

Midway Park 23%Benchmark 30%
State income tax4.5%
Run the Midway Park affordability calculator →
Lowest-rent ZIP codes in Midway Park
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Midway Park, NC

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