The housing market in Magnolia, NC is thriving. The median house value in the area is 121,400 dollars, which is much lower than the national average of 338,100 dollars. Furthermore, the 1 year appreciation for houses in Magnolia is 18.56%, which is significantly higher than the national average of 8.27%. This indicates that people are investing heavily in the housing market of Magnolia. The strong housing market reflects an overall strength and optimism in the community and suggests that Magnolia provides a great lifestyle and potential for investment growth.
The median home cost in Magnolia is $121,400. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Magnolia is up 24.7%.
Average Age of Homes
- The median age of Magnolia real estate is 35 years old
The Rental Market in Magnolia
- Renters make up 36.1% of the Magnolia population
- 2.5% 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.