Housing in Magnolia, AL (36754) is considerably less expensive than the US median. The median value of housing in Magnolia is $102,000, significantly lower than the nationwide median of $338,100. However, despite this lesser value, the appreciation rate of homes in Magnolia has been higher than the national average. Over the past year, homes in Magnolia have appreciated 14.92%, compared to 8.27% nationwide. This could be due to increased demand from prospective buyers looking for a more affordable option than in other areas of the country.
The median home cost in Magnolia (zip 36754) is $102,000. Home appreciation the last 10 years has been 61.6%. Home Appreciation in Magnolia (zip 36754) is up 18.1%.
Average Age of Homes
- The median age of Magnolia (zip 36754) real estate is 42 years old
The Rental Market in Magnolia (zip 36754)
- Renters make up 23.3% of the Magnolia (zip 36754) population
- 0.0% of houses and apartments in Magnolia (zip 36754), 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.