First off, I think Midtown is a very desirable area. It's difficult to say whether or not it would be "family friendly" for you. Families can have wildly different ideas for where they would live - some would live in a high rise and be very comfortable, yet others need large flat backyards (both of which are available in Midtown).
As for prices, the school district isn't the reason for price differences between Midtown and Morningside, as Morningside Elementary (which is highly desirable) serves both Midtown and Morningside (in addition to other nearby neighborhoods). I think prices differ more so based on the mix of real estate in the respective areas. Midtown tends to have smaller homes and yards, and other types of properties mixed in (duplexes, small apartment buildings, etc.). Morningside (and Ansley, Va Highlands, etc.) tends to have larger homes and yards with fewer duplexes and/or apartments. So, I think buyers are typically willing to pay more to live in Morningside.
I think great "family" homes can be found in both neighborhoods - and don't forget Virginia Highlands, Piedmont Heights, Sherwood Forest and Ansley!
If there are any specific questions you have I would be happy to answer.
Keller Williams Realty Metro Atlanta
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