Magnolia, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Magnolia Neighborhoods Since 2000




Magnolia, TX Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Magnolia Housing Market Information

With 1,828 people, 544 houses or apartments, and a median cost of homes of $197,277, Magnolia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Magnolia, accounting for 57.65% of the city's housing units. Other types of housing that are prevalent in Magnolia include large apartment complexes or high rise apartments ( 25.44%), mobile homes or trailers ( 11.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.99%).

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 49.26% owning and 50.74% 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 2000 and later ( 32.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.66%). There's also some housing in Magnolia built before 1939 ( 2.09%).

Vacant housing appears to be an issue in Magnolia. Fully 12.40% 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

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 44.01% over the last ten years, which is an average annual home appreciation rate of 3.71%, putting Magnolia in the top 10% 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.

NeighborhoodScout's data show that during the latest twelve months, Magnolia's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Magnolia's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Magnolia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Magnolia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Magnolia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$197,277

Magnolia, TX HOME PRICES

Value Range
> $1,231,000 1.7
$923,001 - $1,231,000 1.6
$615,001 - $923,000 9.1
$492,001 - $615,000 5.7
$369,001 - $492,000 10.6
$246,001 - $369,000 14.0
$123,001 - $246,000 31.2
$61,001 - $123,000 12.3
$0 - $61,000 13.8

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
32.9251142622759 17.6070038910506

Number Of Homes And Apartments:
544

Magnolia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
86.69% 3.69% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 49.26
Renters 50.74
Vacant 12.40

Housing Market Details

 

Age of Homes

AGE OF Magnolia HOMES
2000 or Newer 32.7
1970 - 1999 55.6
1940 - 1969 9.7
1939 or Older 2.1

Types of Homes

TYPE OF Magnolia HOMES
Single-Family 57.6
Townhomes 0.0
Small Apt. Buildings 5.0
Apt. Complexes 25.4
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Magnolia HOMES
No Bedroom 3.22
1 Bedroom 13.37
2 Bedrooms 27.70
3 Bedrooms 40.90
4 Bedrooms 14.17
5 or more bedrooms 0.64