Home prices
Magnolia's median home value is $80,000. In comparison to the surrounding areas this is roughly $7,220 (8%) lower.Compared to the United States as a whole it is about $137,500 (63%) lower, and in comparison to the city of Sioux Falls is roughly $109,800 (57%) lower.
Rents
Magnolia's median rent is $650 per month. Compared to nearby areas this is roughly $32 (5%) higher.It is approximately $412 (38%) lower compared to the entire country, and is roughly $177 (21%) lower compared to the city of Sioux Falls.
Nearby places
Luverne
Luverne is about 5 miles west from Magnolia. The real estate prices there are a lot more expensive. The median home in Luverne costs $141,600, which comes out to $61,600 (43%) higher than Magnolia. The rent there is fairly similar. The median rent in Luverne is $669 a month, which works out to $19 (2%) higher than Magnolia.
Adrian
Adrian is approximately 6 miles east from Magnolia. Its real estate prices are somewhat more expensive. The median home in Adrian costs $100,000, which is $20,000 (19%) higher than Magnolia. Its rents are a little less expensive. Adrian's median monthly rent is $543, which works out to $107 (19%) lower than Magnolia.
Ellsworth
Ellsworth is approximately 8 miles south from Magnolia. Housing prices there are substantially less expensive. Ellsworth's median home value is $58,100, which is $21,900 (37%) lower than Magnolia. Its rents are somewhat less expensive. The median monthly rent in Ellsworth is $513, which is $137 (26%) lower than Magnolia.
Lismore
Lismore is approximately 8 miles northeast from Magnolia. The real estate prices there are fairly similar. The value of the median home in Lismore is $76,400, which comes out to $3,600 (4%) lower than Magnolia. Rents there are somewhat more expensive. Lismore's median monthly rent is $833, which comes out to $183 (21%) higher than Magnolia.
Hardwick
Hardwick is approximately 9 miles northwest of Magnolia. The housing prices there are substantially less expensive. Hardwick's median home value is $60,000, which is $20,000 (33%) lower than Magnolia. Rent there is a bit less expensive. The median monthly rent in Hardwick is $532, which is $118 (22%) lower than Magnolia.
