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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 $203,297, lower than the Iowa average of $226,062.
The average cost of rent is $820/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. In Magnolia, 12.58% of households rent, and 47.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $6,724 per month. Households that rent pay about 12.20% of their income on rent here. Magnolia’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mondamin, IA: less expensive homes
- Logan, IA: equally priced homes
- Pisgah, IA: less expensive homes
- Modale, IA: higher priced homes
- Woodbine, IA: less expensive homes
- Missouri Valley, IA: equally priced homes
- Little Sioux, IA: less expensive homes
- California Junction, IA: higher priced homes
- River Sioux, IA: less expensive homes
- Loveland, IA: higher priced homes
Cities with Similar Populations
- Bosworth, MO: less expensive homes
- Westfield, ME: less expensive homes
- Westbury, MN: higher priced homes
- West Laramie, WY: higher priced homes
- Butler, OK: less expensive homes
- Brushyknob, MO: less expensive homes
- Bruce, IL: equally priced homes
- Browndell, TX: higher priced homes
- Brook Forest, CO: higher priced homes
- Westhope, ND: less expensive homes
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