Midway, Pekin, IL
Midway — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Midway, Pekin, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Midway Neighborhood Overview
Midway is a residential neighborhood located in the city of Pekin, Illinois, within the 61554 ZIP code. Positioned near the geographic center of the state, it offers residents a classic Midwestern community atmosphere. The area provides a balance of quiet suburban living with convenient access to local city amenities.
Lifestyle & Amenities
Residents of Midway enjoy a lifestyle centered around local parks, neighborhood schools, and community-focused events. The area is served by nearby shopping plazas, grocery stores, and dining options that cater to everyday needs. Its location within Pekin provides easy reach to broader recreational facilities and services.
Real Estate Market
The real estate market in Midway features affordable homeownership, with a U.S. Census median home value of $120,600. Current market data indicates an asking price per square foot of approximately $73, reflecting the area's value. The neighborhood primarily consists of single-family homes appealing to first-time buyers and families.
Schools & Education
Midway is served by the public schools of Pekin School District 108 and Pekin Community High School District 303. Families in the neighborhood have access to a range of educational institutions from elementary through high school. The district provides standard curricular and extracurricular programs for students.
Transportation & Connectivity
Midway is well-connected by a network of local roads, including proximity to major routes like IL-29 and IL-9. The neighborhood's layout is primarily designed for vehicular travel, with most errands requiring a car. Its location in Pekin offers reasonable commuting access to the larger Peoria metropolitan area for employment and services.
Why Choose Midway
Midway is an ideal choice for those seeking an affordable, stable community within the Pekin area. With a median household income of $58,813, it represents a solid middle-class neighborhood with a strong sense of place. It appeals to homebuyers looking for value, family-friendly surroundings, and the conveniences of small-city living.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Midway Market Data
| Metric | Value |
|---|---|
| Median Home Price | $121K |
| Median Gross Rent | $749/mo |
| Median Household Income | $59K |
| Homeownership Rate | 70.4% |
| Renter-Occupied | 29.6% |
| Rental Vacancy Rate | 6.7% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 61554 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Midway, Pekin
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Midway, Pekin, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12