The Most Affordable Neighborhoods in Magnolia Gardens, Jacksonville, FL by Home Value

 

Magnolia Gardens, Jacksonville, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Magnolia Gardens area can be challenging. Home prices in Magnolia Gardens are now at a median cost of $69,813, lower than the Jacksonville average of $255,486.

The average cost of rent is $917/mo in Magnolia Gardens, primarily driven by the current value of real estate in the Magnolia Gardens area. While nearly 50.64% of residents own their homes outright in Magnolia Gardens, 38.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Magnolia Gardens is $3,090 per month. Households that rent pay about 29.68% of their income on rent here. Magnolia Gardens's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the neighborhood.


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