MAGNOLIA HOUSING MARKET INFORMATION With a population of 5,320, 1,313 total housing units (homes and apartments), and a median house value of $296,282, Magnolia real estate and house prices are near the national average for all cities and towns. Single-family detached homes are the single most common housing type in Magnolia, accounting for 58.41% of the city's housing units. Other types of housing that are prevalent in Magnolia include large apartment complexes or high rise apartments ( 25.29%), mobile homes or trailers ( 13.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.46%). 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 52.21% owning and 47.79% renting. Magnolia homes and real estate are some of the newest in America. 55.51% of Magnolia's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Magnolia real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.06%), and between 1940-1969 ( 5.00%). MAGNOLIA HOME APPRECIATION RATES Magnolia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Magnolia during the period has been just 5.71%, which is lower than 70% of US communities. Over the last year, Magnolia appreciation rates have trailed the rest of the nation. In the last twelve months, Magnolia's appreciation rate has been 4.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Magnolia were at 2.16%, which equates to an annual appreciation rate of 8.91%. Relative to Texas, our data show that Magnolia's latest annual appreciation rate is higher than 80% 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 蘑菇视频 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.