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Affordable
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These days, finding an affordable place to live in the Magnet area can be challenging. Home prices in Magnet are now at a median cost of $178,795, lower than the Texas average of $322,096.
The average cost of rent is $1,035/mo in Magnet, primarily driven by the current value of real estate in the Magnet area. In Magnet, 6.10% of households rent, and 60.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnet is $4,683 per month. Households that rent pay about 22.10% of their income on rent here. Magnet’s most expensive areas are in the eastern 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
- Pledger, TX: higher priced homes
- Lane City, TX: higher priced homes
- Van Vleck, TX: less expensive homes
- Sugar Valley, TX: higher priced homes
- Boling, TX: higher priced homes
- Old Ocean, TX: less expensive homes
- Danciger, TX: less expensive homes
- Iago, TX: higher priced homes
- Mackay, TX: higher priced homes
- Danevang, TX: less expensive homes
Cities with Similar Populations
- Fisherdale, PA: higher priced homes
- Tarlton, TN: less expensive homes
- Tannersville, VA: less expensive homes
- Freeport, VA: higher priced homes
- Fox Hill, NY: higher priced homes
- Four Way, TX: equally priced homes
- Fosters Falls, VA: higher priced homes
- Fort Indiantown Gap, PA: higher priced homes
- Fort Howard, MD: higher priced homes
- Foresman, IN: equally priced homes
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