Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 11,669 people, 4,332 houses or apartments, and a median cost of homes of $135,955, house prices in Magnolia are solidly below the national average.
Single-family detached homes are the single most common housing type in Magnolia, accounting for 67.81% of the city's housing units. Other types of housing that are prevalent in Magnolia include large apartment complexes or high rise apartments ( 17.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few mobile homes or trailers ( 6.18%).
The most prevalent building size and type in Magnolia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.92% owning and 55.08% renting.
There is a lot of housing in Magnolia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Magnolia built between 1940-1969 ( 33.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.65%). There's also some housing in Magnolia built before 1939 ( 9.13%).
Vacant housing appears to be an issue in Magnolia. Fully 16.88% of the housing stock is classified as vacant. Left unchecked, vacant Magnolia homes and apartments can be a drag on the real estate market, holding Magnolia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Magnolia has experienced some of the highest home appreciation rates of any community in the nation. Magnolia real estate appreciated 17.63% over the last ten years, which is an average annual home appreciation rate of 1.64%, putting Magnolia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Magnolia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Magnolia that despite a nationwide downturn in the housing market, Magnolia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Magnolia appreciation rates continue to be some of the highest in America, at 8.14%, which is higher than appreciation rates in 87.41% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Magnolia. Magnolia appreciation rates in the latest quarter were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Magnolia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Magnolia's latest annual appreciation rate is higher than 90% of the other cities and towns in Arkansas.
|$836,001 - $1,115,000||0.0|
|$558,001 - $836,000||0.2|
|$446,001 - $558,000||0.4|
|$334,001 - $446,000||0.7|
|$223,001 - $334,000||9.9|
|$111,001 - $223,000||29.0|
|$55,001 - $111,000||35.5|
|$0 - $55,000||24.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Magnolia HOMES|
|2000 or Newer||9.7|
|1970 - 1999||48.0|
|1940 - 1969||33.3|
|1939 or Older||9.1|
|TYPE OF Magnolia HOMES|
|Small Apt. Buildings||7.1|
|SIZE OF Magnolia HOMES|
|5 or more bedrooms||0.17|