Midway is a home rule-class city in Woodford County, Kentucky, in the United States. Its population was 1,620 at the time of the year 2000 U.S. census. It is part of the Lexington-Fayette Metropolitan Statistical Area.The town is home to a major thoroughbred race horse breeding operation, the Three Chimneys Farm. In 2003, faced with a declining downtown, a major streetscape renovation project began as part of Main Street Kentucky. New period structures and lighting brought new life to the town.