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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 $108,088, lower than the Texas average of $322,096.
The average cost of rent is $845/mo in Magnolia Springs, primarily driven by the current value of real estate in the Magnolia Springs area. In Magnolia Springs, 15.53% of households rent, and 75.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia Springs is $5,649 per month. Households that rent pay about 14.97% of their income on rent here. Magnolia Springs’s most expensive areas are in the southwestern 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
- Roganville, TX: higher priced homes
- Mount Union, TX: higher priced homes
- Bleakwood, TX: higher priced homes
- Bon Ami, TX: higher priced homes
- Kirbyville, TX: equally priced homes
- Spurger, TX: higher priced homes
- Pine Grove, TX: equally priced homes
- Call, TX: higher priced homes
- Newton, TX: less expensive homes
- Fawil, TX: less expensive homes
Cities with Similar Populations
- Benton, ME: higher priced homes
- Axtell, KS: higher priced homes
- Powder Springs, TN: higher priced homes
- Pridgen, GA: higher priced homes
- Plymouth, NY: equally priced homes
- Plattville, IL: higher priced homes
- Platte Center, NE: higher priced homes
- Pittsville, VA: higher priced homes
- Pine Valley, NY: higher priced homes
- Pimento, IN: higher priced homes
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