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These days, finding an affordable place to live in the Magnolia Springs area can be challenging. Home prices in Magnolia Springs are now at a median cost of $386,846, higher than the Alabama average of $228,911.
The average cost of rent is $1,033/mo in Magnolia Springs, primarily driven by the current value of real estate in the Magnolia Springs area. In Magnolia Springs, 13.88% of households rent, and 48.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia Springs is $5,092 per month. Households that rent pay about 20.28% of their income on rent here. Magnolia Springs’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Foley, AL: less expensive homes
- Summerdale, AL: less expensive homes
- Bon Secour, AL: equally priced homes
- Miflin, AL: less expensive homes
- Silverhill, AL: less expensive homes
- Fairhope, AL: higher priced homes
- Point Clear, AL: higher priced homes
- Elberta, AL: less expensive homes
- Robertsdale, AL: less expensive homes
- Montrose, AL: equally priced homes
Cities with Similar Populations
- Avon, SD: less expensive homes
- Wilmington, NY: less expensive homes
- Bonney, TX: less expensive homes
- Bloomingdale, NY: less expensive homes
- Williamsburg, NM: less expensive homes
- Bladensburg, OH: less expensive homes
- Bernard, IA: less expensive homes
- Bee Branch, AR: less expensive homes
- Bastrop Beach, TX: less expensive homes
- Winn, MI: less expensive homes
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