The housing market in Magnolia, TX is thriving, with the median housing value resting just below the US average at $264,100. The appreciation rate for houses in Magnolia has been higher than the national average over the past year, with a 15.68% increase compared to 8.27% nationwide. This shows that Magnolia is a desirable place to live and invest in real estate, making it an attractive option for those looking for their first home or an investment property.
The median home cost in Magnolia is $264,100. Home appreciation the last 10 years has been 111.6%. Home Appreciation in Magnolia is up 23.0%.
Average Age of Homes
- The median age of Magnolia real estate is 22 years old
The Rental Market in Magnolia
- Renters make up 45.6% of the Magnolia population
- 0.7% 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.