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Affordable
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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 $248,366, higher than the West Virginia average of $177,366.
The average cost of rent is $782/mo in Magnolia, primarily driven by the current value of real estate in the Magnolia area. In Magnolia, 0.76% of households rent, and 44.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Magnolia is $4,501 per month. Households that rent pay about 17.37% of their income on rent here. Magnolia’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Great Cacapon, WV: less expensive homes
- Largent, WV: less expensive homes
- Paw Paw, WV: less expensive homes
- Sleepy Creek, WV: equally priced homes
- Neals Run, WV: equally priced homes
- Berkeley Springs, WV: equally priced homes
- Green Ridge, MD: equally priced homes
- Little Orleans, MD: equally priced homes
- Unger, WV: equally priced homes
- Cohill, MD: equally priced homes
Cities with Similar Populations
- West Berne, NY: equally priced homes
- Cylinder, IA: less expensive homes
- Dailsville, MD: higher priced homes
- Dakota, GA: less expensive homes
- Dalton, AR: less expensive homes
- Damascus, MS: less expensive homes
- Deweese, NE: less expensive homes
- Webster Corner, ME: equally priced homes
- Weeks, AL: less expensive homes
- Weitchpec, CA: higher priced homes
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