5 min.
It largely depends on the purpose of running a half mile.
World Record 800m (0.497 miles) is around 1:41
Typical fit person could run half a mile in 3:30, while athletes might be closer to 2:20.
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The time of the person in the middle of a half-marathon run in 2003 for men whereby 1409 runners competed is around 2 hours 30 mins. The fastest runner finished with a time of 1hr 12 mins 0 sec. The last runner finished in about 3 hrs 58 mins. About 200 people finished within 2hrs.
That was the result of the Singapore Standard Chartered Half Marathon Race in 2003. The timing is probably slower than other races due to the humid weather...