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 $67,107, lower than the North Carolina average of $226,477.
The average cost of rent is $681/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 76.91% of residents own their homes outright in Magnolia, 29.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $3,325 per month. Households that rent pay about 20.48% of their income on rent here. Magnolia's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Carroll, NC: higher priced homes
- Rose Hill, NC: higher priced homes
- Register, NC: higher priced homes
- Waycross, NC: higher priced homes
- Teachey, NC: higher priced homes
- Warsaw, NC: higher priced homes
- Greenevers, NC: higher priced homes
- Kenansville, NC: higher priced homes
- Turkey, NC: equally priced homes
- Tin City, NC: higher priced homes
Cities with Similar Populations
- Gray, KY: higher priced homes
- Fort Fairfield, ME: higher priced homes
- Alton, NH: higher priced homes
- Woodland, AL: higher priced homes
- Sewaren, NJ: higher priced homes
- Russellville, MO: higher priced homes
- Monon, IN: higher priced homes
- Hoxie, AR: higher priced homes
- Holmes Beach, FL: higher priced homes
- Hoisington, KS: higher priced homes
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