Home prices
The median home in Magnolia is valued at $55,200. This is about $46,220 (45%) lower compared to its surrounding areas.Compared to the United States as a whole it is roughly $162,300 (74%) lower, and compared to the city of Raleigh it is about $193,100 (77%) lower.
Rents
Magnolia's median monthly rent is $658. This is about $12 (1%) higher compared to its nearby areas.It is approximately $404 (38%) lower in comparison to the entire nation, and in comparison to the city of Raleigh is approximately $463 (41%) lower.
Nearby places
Rose Hill
Rose Hill is approximately 5 miles south of Magnolia. The housing prices there are a lot more expensive. The cost of the median home in Rose Hill is $81,900, which is $26,700 (32%) higher than Magnolia. Rents there are somewhat more expensive. The median monthly rent in Rose Hill is $797, which works out to $139 (17%) higher than Magnolia.
Kenansville
Kenansville is roughly 6 miles northeast from Magnolia. Real estate prices there are significantly more expensive. The value of the median home in Kenansville is $89,700, which is $34,500 (38%) higher than Magnolia. Rent there is significantly less expensive. In Kenansville the median monthly rent is $428, which is $230 (53%) lower than Magnolia.
Warsaw
Warsaw is approximately 7 miles north from Magnolia. Its real estate prices are a lot more expensive. Warsaw's median home price is $89,500, which works out to $34,300 (38%) higher than Magnolia. Rent there is similar. The median rent in Warsaw is $657 a month, which is very similar to Magnolia.
Greenevers
Greenevers is roughly 8 miles southeast from Magnolia. The real estate prices there are substantially more expensive. The price of the median home in Greenevers is $104,300, which is $49,100 (47%) higher than Magnolia. Rents there are a little less expensive. Greenevers's median rent is $594 per month, which comes out to $64 (10%) lower than Magnolia.
Teachey
Teachey is approximately 9 miles south of Magnolia. Housing prices there are substantially more expensive. The median home in Teachey costs $141,700, which is $86,500 (61%) higher than Magnolia. Rent there is a little more expensive. In Teachey the median monthly rent is $754, which works out to $96 (12%) higher than Magnolia.
