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 $318,486, higher than the Texas average of $235,268.
The average cost of rent is $1,495/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. While nearly 34.13% of residents own their homes outright in Magnolia, 15.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $10,176 per month. Households that rent pay about 14.70% of their income on rent here. Magnolia's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Pinehurst, TX: less expensive homes
- Stagecoach, TX: higher priced homes
- The Woodlands, TX: higher priced homes
- Todd Mission, TX: less expensive homes
- Tomball, TX: equally priced homes
- Hockley, TX: less expensive homes
- Shenandoah, TX: higher priced homes
- Plantersville, TX: less expensive homes
- Oak Ridge North, TX: less expensive homes
- Spring, TX: less expensive homes
Cities with Similar Populations
- Pittsburg, CA: higher priced homes
- Ponce, PR: less expensive homes
- Pflugerville, TX: less expensive homes
- Philadelphia, PA: equally priced homes
- Pharr, TX: less expensive homes
- Pleasanton, CA: higher priced homes
- Plainfield, IL: less expensive homes
- Plymouth, MN: higher priced homes
- Pompano Beach, FL: less expensive homes
- Plano, TX: higher priced homes
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