Home Insurance in Midway, Florida
Homes in Midway carry a median value of $226,500 - 30% higher than the Gadsden County median.
The typical home in Midway was built around 2005. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 3% of homes were built before 1960, about 20 points below Gadsden County's 23%.
In Midway, the housing stock is 80% single-family homes, 3% apartments in buildings with 5+ units and 11% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
86% of owner-occupied homes in Midway carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
About 85% of occupied homes in Midway are owner-occupied. The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Midway, 95% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Midway? FEMA's National Risk Index points to hurricane (Relatively Moderate) in Gadsden County and Gadsden County had 83 active NFIP flood policies as of September 2026. See the full Gadsden County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Florida, the statewide average premium for a standard HO-3 homeowners policy is $2,779 per year (NAIC, 2023 data).
Key figures
| Median home value | $226,500 |
|---|---|
| Median year built | 2005 |
| Owner-occupied share | 85% |
| Share of owner-occupied homes with a mortgage | 86% |
| Top county hazard | Hurricane (Relatively Moderate) |
| Active NFIP policies in Gadsden County | 83 |
| Home insurance premium | $2,779 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)