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Affordable
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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 $181,325, lower than the Arkansas average of $207,061.
The average cost of rent is $754/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. In Magnolia, 37.46% of households rent, and 52.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $5,366 per month. Households that rent pay about 14.06% of their income on rent here. Magnolia’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Partee, AR: less expensive homes
- Free Hope, AR: less expensive homes
- Kerlin, AR: higher priced homes
- Dodson, AR: less expensive homes
- Waldo, AR: less expensive homes
- McNeil, AR: less expensive homes
- Lydesdale, AR: less expensive homes
- Brister, AR: equally priced homes
- Lumber, AR: less expensive homes
- Ebenezer, AR: less expensive 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: less expensive 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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