The housing market in Magnolia, AR is quite strong, with the median value of a house at $134,500. This is significantly lower than the US median value of $338,100. This lower cost of entry makes Magnolia an attractive option for potential homebuyers looking to stretch their budgets. In addition, over the past year, appreciation for houses in Magnolia has been even higher than the national average, coming in at 15.07% as compared to 8.27%. Clearly, Magnolia is a great place to invest in real estate right now and may offer good returns on such investments in the future.
The median home cost in Magnolia is $134,500. Home appreciation the last 10 years has been 57.5%. Home Appreciation in Magnolia is up 17.9%.
Average Age of Homes
- The median age of Magnolia real estate is 44 years old
The Rental Market in Magnolia
- Renters make up 37.7% of the Magnolia population
- 4.3% 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.