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Affordable
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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 $668,700, higher than the Florida average of $396,783.
The average cost of rent is $2,721/mo in Magnolia Springs, primarily driven by the current value of real estate in the Magnolia Springs area. In Magnolia Springs, 6.09% of households rent, and 24.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia Springs is $12,303 per month. Households that rent pay about 22.12% of their income on rent here. Magnolia Springs’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Green Cove Springs, FL: less expensive homes
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- Russell, FL: less expensive homes
- Walkill, FL: less expensive homes
- Hibernia, FL: less expensive homes
- West Tocoi, FL: less expensive homes
- Asbury Lake, FL: less expensive homes
- Sherwood Forest, FL: less expensive homes
- World Golf Village, FL: less expensive homes
Cities with Similar Populations
- Birchwood, TN: less expensive homes
- Anna, OH: less expensive homes
- West Blocton, AL: less expensive homes
- Alamo, TN: less expensive homes
- Shelburne Falls, MA: less expensive homes
- Seale, AL: less expensive homes
- Sagamore Beach, MA: less expensive homes
- Portageville, MO: less expensive homes
- Pocasset, MA: equally priced homes
- Pleasant Valley, WV: less expensive homes
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