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 $288,297, higher than the Delaware average of $282,938.
The average cost of rent is $1,445/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 28.03% of residents own their homes outright in Magnolia, 16.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $7,734 per month. Households that rent pay about 18.68% of their income on rent here. Magnolia's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Frederica, DE: less expensive homes
- Woodside, DE: equally priced homes
- Camden, DE: equally priced homes
- Dover Afb, DE: less expensive homes
- Viola, DE: less expensive homes
- Wyoming, DE: less expensive homes
- Felton, DE: less expensive homes
- Kitts Hummock, DE: less expensive homes
- Bowers, DE: less expensive homes
- Dover, DE: less expensive homes
Cities with Similar Populations
- Troy, IL: less expensive homes
- Covington, TN: less expensive homes
- Crestwood, MO: less expensive homes
- Cromwell, CT: equally priced homes
- Croton On Hudson, NY: higher priced homes
- Cutlerville, MI: less expensive homes
- Dallas, PA: less expensive homes
- Damascus, MD: higher priced homes
- Damascus, OR: higher priced homes
- Del Mar, CA: higher priced homes
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