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 $119,260, lower than the Kentucky average of $164,895.
The average cost of rent is $668/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 44.13% of residents own their homes outright in Magnolia, 15.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $3,906 per month. Households that rent pay about 17.09% of their income on rent here. Magnolia's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Linwood, KY: less expensive homes
- Mount Sherman, KY: equally priced homes
- Pike View, KY: less expensive homes
- South Buffalo, KY: higher priced homes
- Buffalo, KY: higher priced homes
- Jericho, KY: higher priced homes
- Coakley, KY: less expensive homes
- Tanner, KY: higher priced homes
- Leitchfield Crossing, KY: less expensive homes
- Upton, KY: equally priced homes
Cities with Similar Populations
- Chippewa Lake, OH: higher priced homes
- Fallsburg, NY: higher priced homes
- Ellington, MO: equally priced homes
- Dorchester, WI: higher priced homes
- Dike, IA: higher priced homes
- Corinth, KY: higher priced homes
- Columbus AFB, MS: higher priced homes
- Colorado City, CO: higher priced homes
- Castalia, NC: equally priced homes
- Valley Falls, NY: higher priced homes
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