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Affordable
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These days, finding an affordable place to live in the Magna area can be challenging. Home prices in Magna are now at a median cost of $378,555, lower than the Utah average of $525,914.
The average cost of rent is $1,611/mo in Magna, primarily driven by the current value of real estate in the Magna area. In Magna, 21.22% of households rent, and 25.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magna is $7,392 per month. Households that rent pay about 21.80% of their income on rent here. Magna’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Valley City, UT: equally priced homes
- Kearns, UT: equally priced homes
- Taylorsville, UT: higher priced homes
- Bingham Canyon, UT: higher priced homes
- West Jordan, UT: higher priced homes
- Lake Point, UT: higher priced homes
- South Salt Lake, UT: equally priced homes
- Stansbury Park, UT: higher priced homes
- Murray, UT: higher priced homes
- Salt Lake City, UT: higher priced homes
Cities with Similar Populations
- Lake Jackson, TX: less expensive homes
- South Lake Tahoe, CA: higher priced homes
- Seymour, IN: less expensive homes
- Sequim, WA: higher priced homes
- Selma, CA: equally priced homes
- Martinez, GA: less expensive homes
- Agawam Town, MA: less expensive homes
- Marquette, MI: less expensive homes
- Lutz, FL: higher priced homes
- Longwood, FL: higher priced homes
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