Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Magnolia area can be challenging. Home prices in Magnolia are now at a median cost of $140,741, lower than the Arkansas average of $160,541.
The average cost of rent is $726/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 53.87% of residents own their homes outright in Magnolia, 31.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $4,058 per month. Households that rent pay about 17.89% of their income on rent here. Magnolia's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Partee, AR: less expensive homes
- Free Hope, AR: higher priced homes
- Kerlin, AR: equally priced homes
- Dodson, AR: less expensive homes
- Waldo, AR: less expensive homes
- McNeil, AR: less expensive homes
- Lydesdale, AR: less expensive homes
- Brister, AR: less expensive homes
- Lumber, AR: less expensive homes
- Ebenezer, AR: equally priced homes
Cities with Similar Populations
- Tuscumbia, AL: equally priced homes
- Danville, IN: higher priced homes
- Deatsville, AL: higher priced homes
- Decatur, TX: higher priced homes
- Dentsville, SC: equally priced homes
- Dexter, MO: equally priced homes
- Doctor Phillips, FL: higher priced homes
- Thonotosassa, FL: higher priced homes
- Tolland, CT: higher priced homes
- Town and Country, MO: higher priced homes
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