Home prices
Magna's median home cost is $205,000. It is about $41,720 (16%) lower compared to the surrounding areas.Compared to the rest of the country it is approximately $12,500 (5%) lower, and it is approximately $109,500 (34%) lower compared to the city of Salt Lake City.
Rents
The median monthly rent in Magna is $1,120. This is about $140 (11%) lower compared to other places in this area.In comparison to the United States as a whole it is roughly $58 (5%) higher, and compared to the city of Salt Lake City it is roughly $135 (13%) higher.
Nearby places
West Valley City
West Valley City is Magna's neighbor to the southeast. The real estate prices there are somewhat more expensive. The median home in West Valley City costs $219,500, which works out to $14,500 (6%) higher than Magna. Rent there is pretty similar. In West Valley City the median monthly rent is $1,126, which is very similar to Magna.
Kearns
Kearns is approximately 10 miles southeast from Magna. Real estate prices there are pretty similar. The price of the median home in Kearns is $202,000, which works out to $3,000 (1%) lower than Magna. Its rents are a little more expensive. In Kearns the median monthly rent is $1,309, which comes out to $189 (14%) higher than Magna.
Stansbury Park
Stansbury Park is approximately 10 miles southwest of Magna. The real estate prices there are somewhat more expensive. The price of the median home in Stansbury Park is $269,500, which works out to $64,500 (23%) higher than Magna. Its rents are substantially more expensive. Stansbury Park's median rent is $1,654 per month, which is $534 (32%) higher than Magna.
Taylorsville
Taylorsville is approximately 11 miles southeast from Magna. The housing prices there are somewhat more expensive. The median home in Taylorsville costs $239,400, which comes out to $34,400 (14%) higher than Magna. The rent there is somewhat less expensive. Taylorsville's median rent is $1,054 a month, which comes out to $66 (6%) lower than Magna.
North Salt Lake
North Salt Lake is roughly 12 miles northeast of Magna. Its housing prices are a lot more expensive. The price of the median home in North Salt Lake is $303,200, which works out to $98,200 (32%) higher than Magna. Rents there are similar. North Salt Lake's median monthly rent is $1,158, which comes out to $38 (3%) higher than Magna.
