Magnolia, NJ is a desirable place to live, evidenced by its high median house value of $241,500 compared to the US median house value of $338,100. The housing market in Magnolia has seen an impressive one year appreciation rate of 15.62%, much higher than the US appreciation rate of 8.27%. This further emphasizes the attraction that Magnolia holds for potential homeowners and investors alike.
The median home cost in Magnolia is $241,500. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Magnolia is up 18.1%.
Average Age of Homes
- The median age of Magnolia real estate is 58 years old
The Rental Market in Magnolia
- Renters make up 29.8% of the Magnolia population
- 2.4% of houses and apartments in Magnolia, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.