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 $165,853, lower than the Tennessee average of $218,916.
The average cost of rent is $695/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 64.32% of residents own their homes outright in Magnolia, 15.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $3,714 per month. Households that rent pay about 18.71% of their income on rent here. Magnolia's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Faxon, TN: less expensive homes
- McKinnon, TN: less expensive homes
- Forest Hill, TN: less expensive homes
- Tennessee Ridge, TN: less expensive homes
- Big Sandy, TN: less expensive homes
- Pollard, TN: less expensive homes
- Lick Creek, TN: less expensive homes
- Stewart, TN: less expensive homes
- Silvertop, TN: higher priced homes
- Gorman, TN: equally priced homes
Cities with Similar Populations
- Dow, OK: less expensive homes
- Town Hill, PA: higher priced homes
- Toronto, IA: higher priced homes
- Dutch John, UT: higher priced homes
- Dune Acres, IN: higher priced homes
- Duncans Mills, CA: higher priced homes
- Duncans Bridge, MO: less expensive homes
- Dulaney, TN: equally priced homes
- Dudleyville, AZ: less expensive homes
- Tri-City, OR: higher priced homes
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