Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 3,349, 1,011 total housing units (homes and apartments), and a median house value of $354,545, Magnolia real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Magnolia, accounting for 61.52% of the city's housing units. Other types of housing that are prevalent in Magnolia include large apartment complexes or high rise apartments ( 24.76%), mobile homes or trailers ( 12.10%), and a few row houses and other attached homes ( 1.24%).
The most prevalent building size and type in Magnolia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.64% owning and 44.36% renting.
Magnolia homes and real estate are some of the newest in America. 50.67% of Magnolia's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Magnolia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.48%), and between 1940-1969 ( 6.57%). There's also some housing in Magnolia built before 1939 ( 2.29%).
Appreciation rates for homes in Magnolia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.73%, which ranks in the top 50% nationwide. This equates to an annual average Magnolia house appreciation rate of 6.56%.
Over the last year, Magnolia appreciation rates have trailed the rest of the nation. In the last twelve months, Magnolia's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Magnolia were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Magnolia's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Magnolia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Magnolia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Magnolia real estate investment or home purchase decisions.
$354,545
for Texas
for nation
1,011
$1,437 / per month