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 $193,948, lower than the Louisiana average of $194,522.
The average cost of rent is $940/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 47.17% of residents own their homes outright in Magnolia, 15.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $5,417 per month. Households that rent pay about 17.36% of their income on rent here. Magnolia's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Doyle, LA: less expensive homes
- Holden, LA: less expensive homes
- Satsuma, LA: less expensive homes
- Oldfield, LA: less expensive homes
- Livingston, LA: less expensive homes
- Walker, LA: equally priced homes
- Albany, LA: equally priced homes
- Springville, LA: less expensive homes
- Pine Grove, LA: less expensive homes
- Woodhaven, LA: less expensive homes
Cities with Similar Populations
- Polktown, PA: equally priced homes
- Ravenden Springs, AR: less expensive homes
- Ranchitos, NM: higher priced homes
- Rabun, AL: less expensive homes
- Quinhagak, AK: less expensive homes
- Quemado, TX: less expensive homes
- Prompton, PA: higher priced homes
- Proberta, CA: higher priced homes
- Princeton Station, MA: higher priced homes
- Prairie Ronde, LA: higher priced homes
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