Magnolia, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Magnolia, DE Real Estate Data


Magnolia Housing Market Information

With 234 people, 78 houses or apartments, and a median cost of homes of $187,733, Magnolia real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Magnolia homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Magnolia, accounting for 88.89% of the town's housing units. Other types of housing that are prevalent in Magnolia include duplexes, homes converted to apartments or other small apartment buildings ( 8.08%), row houses and other attached homes ( 2.02%), and a few mobile homes or trailers ( 1.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Magnolia. Owner-occupied housing accounts for 71.79% of Magnolia's homes, and 68.69% have either three or four bedrooms, which is average sized relative to America.

The housing in Magnolia was primarily built before 1939 ( 52.53%), making the housing stock in Magnolia some of the oldest overall in America, although there is a range of ages of homes in Magnolia. The next most important housing age is between 1940-1969 ( 22.22%), followed by between 1970-1999 ( 16.16%). There's also some housing in Magnolia built between 2000 and later ( 9.09%).

Vacant housing appears to be an issue in Magnolia. Fully 21.21% 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.

Magnolia Home Appreciation Rates

Homes have actually lost value in Magnolia over the last then years, as home values have seen a decline of 24.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Magnolia home appreciation rates at 3.88%, which equates to an annual appreciation rate of 16.43%.

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 5.73%, which is higher than appreciation rates in 70.45% 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 3.88%, which equates to an annual appreciation rate of 16.43%.

Importantly, this makes Magnolia one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Delaware, our data show that Magnolia's latest annual appreciation rate is higher than 50% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$187,733

Magnolia, DE HOME PRICES

Value Range
> $1,053,000 0.5
$790,001 - $1,053,000 0.0
$527,001 - $790,000 0.8
$421,001 - $527,000 2.5
$316,001 - $421,000 13.7
$211,001 - $316,000 29.6
$105,001 - $211,000 27.4
$53,001 - $105,000 5.5
$0 - $53,000 20.0

Very Low for DE
High for Nation

Value Relative to Nation Value Relative to State
36.5637992621655 86.3636363636364

Number Of Homes And Apartments:
78

Rent & Ownership

 

Average Market Rent:
$1,309 / per month

Homeownership Rate

Homeownership
Owners 71.79
Renters 28.21
Vacant 21.21

Housing Market Details

 

Age of Homes

AGE OF Magnolia HOMES
2000 or Newer 9.1
1970 - 1999 16.2
1940 - 1969 22.2
1939 or Older 52.5

Types of Homes

TYPE OF Magnolia HOMES
Single-Family 88.9
Townhomes 2.0
Small Apt. Buildings 8.1
Apt. Complexes 0.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Magnolia HOMES
No Bedroom 0.00
1 Bedroom 7.07
2 Bedrooms 17.17
3 Bedrooms 60.61
4 Bedrooms 8.08
5 or more bedrooms 7.07

Magnolia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
33.81% 1.73% 1 4
* 10 is highest

Popular Neighborhoods in Magnolia

Zip Codes in Magnolia, DE