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 $186,031, lower than the Minnesota average of $269,934.
The average cost of rent is $702/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 56.36% of residents own their homes outright in Magnolia, 16.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $5,397 per month. Households that rent pay about 13.01% of their income on rent here. Magnolia's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Kanaranzi, MN: higher priced homes
- Luverne, MN: less expensive homes
- Adrian, MN: less expensive homes
- Kenneth, MN: less expensive homes
- Ellsworth, MN: less expensive homes
- Lismore, MN: less expensive homes
- Steen, MN: equally priced homes
- Hardwick, MN: less expensive homes
- Leota, MN: less expensive homes
- Rushmore, MN: less expensive homes
Cities with Similar Populations
- West Springs, SC: less expensive homes
- Widener, AR: less expensive homes
- Wickhaven, PA: less expensive homes
- Whitlock, TN: less expensive homes
- Whiteside, MO: less expensive homes
- Whitehurst, NC: less expensive homes
- White Pine, MT: higher priced homes
- White Cloud, KS: less expensive homes
- Whetstone, SC: equally priced homes
- Wheatley, KY: less expensive homes
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