Much like the surrounding areas, it is a bit more expensive compared to the country as a whole. However it's significantly more expensive compared to the city of Mobile.
Home prices
The median home value in Magnolia Springs is $251,500. Compared to other places in this area this is approximately $6,840 (2%) higher.It is roughly $34,000 (15%) higher compared to the rest of the country, and it is approximately $127,900 (103%) higher in comparison to the city of Mobile.
Rents
In Magnolia Springs the median monthly rent is $832. It is approximately $65 (7%) lower in comparison to its surrounding areas.It is approximately $230 (21%) lower in comparison to the rest of the country, and is about $25 (2%) lower compared to the city of Mobile.
Nearby places
Foley
Foley is roughly 5 miles east of Magnolia Springs. Real estate prices there are significantly less expensive. The value of the median home in Foley is $177,600, which is $73,900 (41%) lower than Magnolia Springs. Rent there is fairly similar. In Foley the median monthly rent is $855, which works out to $23 (2%) higher than Magnolia Springs.
Summerdale
Summerdale is approximately 7 miles northeast from Magnolia Springs. Its real estate prices are significantly less expensive. The median home in Summerdale is valued at $173,200, which is $78,300 (45%) lower than Magnolia Springs. Rents there are similar. Summerdale's median monthly rent is $821, which is $11 (1%) lower than Magnolia Springs.
Point Clear
Point Clear is approximately 9 miles northwest from Magnolia Springs. Real estate prices there are substantially more expensive. The cost of the median home in Point Clear is $508,200, which comes out to $256,700 (50%) higher than Magnolia Springs. Rents there are a little more expensive. In Point Clear the median rent is $1,048 per month, which is $216 (20%) higher than Magnolia Springs.
Elberta
Elberta is roughly 9 miles east of Magnolia Springs. Housing prices there are substantially less expensive. The value of the median home in Elberta is $121,200, which comes out to $130,300 (107%) lower than Magnolia Springs. Rent there is a little less expensive. Elberta's median monthly rent is $676, which is $156 (23%) lower than Magnolia Springs.
Gulf Shores
Gulf Shores is roughly 10 miles south from Magnolia Springs. Its real estate prices are fairly similar. The median home in Gulf Shores costs $243,100, which works out to $8,400 (3%) lower than Magnolia Springs. Its rents are a little more expensive. In Gulf Shores the median rent is $1,086 a month, which comes out to $254 (23%) higher than Magnolia Springs.
