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 $256,583, lower than the New Jersey average of $388,929.
The average cost of rent is $1,140/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 27.68% of residents own their homes outright in Magnolia, 12.83% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $9,289 per month. Households that rent pay about 12.27% of their income on rent here. Magnolia's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Echelon, NJ: less expensive homes
- Tavistock, NJ: less expensive homes
- Lawnside, NJ: less expensive homes
- Ashland, NJ: equally priced homes
- Somerdale, NJ: less expensive homes
- Hi-Nella, NJ: less expensive homes
- Stratford, NJ: less expensive homes
- Springdale, NJ: higher priced homes
- Laurel Springs, NJ: less expensive homes
- Gibbsboro, NJ: equally priced homes
Cities with Similar Populations
- Bunker Hill Village, TX: higher priced homes
- Caldwell, TX: less expensive homes
- Calabash, NC: less expensive homes
- Byron, MN: higher priced homes
- Butler Beach, FL: higher priced homes
- Bush, LA: less expensive homes
- Burns, TN: higher priced homes
- Burgettstown, PA: less expensive homes
- Bunnlevel, NC: equally priced homes
- Califon, NJ: higher priced homes
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