The Most Affordable Neighborhoods in Magnolia Gardens, TX by Home Value

 

Magnolia Gardens, TX 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 $150,322, lower than the Texas average of $235,268.

The average cost of rent is $1,101/mo in Magnolia Gardens, primarily driven by the current value of real estate in the Magnolia Gardens area. While nearly 46.66% of residents own their homes outright in Magnolia Gardens, 18.84% rent.

Housing affordability isn’t just about home prices, though. The average household income in Magnolia Gardens is $5,554 per month. Households that rent pay about 19.83% of their income on rent here. Magnolia Gardens's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.


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