Magnolia, IA has a median home value of $94,200 which is significantly lower than the national median of $338,100. Despite the lower cost of housing in Magnolia, IA, the one year house appreciation rate is 15.23%, which is 7% higher than the national average of 8.27%. This rapid appreciation rate indicates that housing in Magnolia, IA is becoming increasingly popular and may be an attractive option for those looking for more affordable housing options.
The median home cost in Magnolia is $94,200. Home appreciation the last 10 years has been 69.7%. Home Appreciation in Magnolia is up 15.4%.
Average Age of Homes
- The median age of Magnolia real estate is 78 years old
The Rental Market in Magnolia
- Renters make up 6.6% 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.