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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 $137,050, lower than the North Carolina average of $323,314.
The average cost of rent is $892/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. In Magnolia, 33.27% of households rent, and 76.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $4,279 per month. Households that rent pay about 20.85% of their income on rent here. Magnolia’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carroll, NC: less expensive homes
- Rose Hill, NC: higher priced homes
- Register, NC: less expensive homes
- Waycross, NC: equally priced homes
- Teachey, NC: higher priced homes
- Warsaw, NC: equally priced homes
- Greenevers, NC: less expensive homes
- Kenansville, NC: less expensive homes
- Turkey, NC: less expensive 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: less expensive homes
- Hoxie, AR: less expensive homes
- Holmes Beach, FL: higher priced homes
- Hoisington, KS: less expensive homes
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