The housing market in Magnolia, DE is thriving. The median value for homes in the city is $373,800, which is significantly higher than the US House median value of $338,100. Additionally, the US 1 year house appreciation rate is 8.27%, while the one year house appreciation rate in Magnolia, DE is 11.37%. This indicates that housing prices are increasing significantly in Magnolia and it may be a good time to invest in real estate.
The median home cost in Magnolia is $373,800. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Magnolia is up 17.3%.
Average Age of Homes
- The median age of Magnolia real estate is 78 years old
The Rental Market in Magnolia
- Renters make up 22.2% of the Magnolia population
- 0.0% 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.