The housing market in 56158 Magnolia, MN is currently thriving. The median value of homes in this area is $102,800, which is significantly lower than the US median value of $338,100. In addition to being more affordable than the national average, the appreciation rate of homes in Magnolia has risen at a higher rate over the past year than the national average; 9.54% compared to 8.27%. This makes Magnolia an attractive option for buyers looking for a great house at an even better price.
The median home cost in Magnolia (zip 56158) is $102,800. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Magnolia (zip 56158) is up 14.7%.
Average Age of Homes
- The median age of Magnolia (zip 56158) real estate is 58 years old
The Rental Market in Magnolia (zip 56158)
- Renters make up 13.0% of the Magnolia (zip 56158) population
- 0.0% of houses and apartments in Magnolia (zip 56158), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.