Affordable
Expensive
Expensive
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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 $1,248,272, higher than the Seattle average of $772,426.
The average cost of rent is $2,765/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. In Magnolia, 35.50% of households rent, and 30.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $15,745 per month. Households that rent pay about 17.56% 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 neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Interbay, Seattle, WA: less expensive homes
- Sunset Hill, Seattle, WA: less expensive homes
- Ballard, Seattle, WA: less expensive homes
- Queen Anne, Seattle, WA: equally priced homes
- Fremont, Seattle, WA: less expensive homes
- Loyal Heights, Seattle, WA: less expensive homes
- Whittier Heights, Seattle, WA: less expensive homes
- Phinney Ridge, Seattle, WA: equally priced homes
- Uptown, Seattle, WA: less expensive homes
- Westlake, Seattle, WA: less expensive homes
Neighborhoods with Similar Populations
- Au-Tenleytown, Washington, DC: higher priced homes
- Wicker Park, Chicago, IL: less expensive homes
- Whiskey Point, Chicago, IL: less expensive homes
- Waikiki, Honolulu, HI: less expensive homes
- Villa Carolina, Carolina, PR: less expensive homes
- Central Boulder, Boulder, CO: higher priced homes
- Canyon Crest, Riverside, CA: less expensive homes
- Baker-Zachary Area, Baker, LA: less expensive homes
- Beverly, Chicago, IL: less expensive homes
- Bario Logan, San Diego, CA: less expensive homes
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