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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Magnolia, KY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Magnolia, KY Housing Market Trends

With 535 people, 278 houses or apartments, and a median cost of homes of $234,848, house prices in Magnolia are solidly below the national average.

Single-family detached homes are the single most common housing type in Magnolia, accounting for 97.54% of the town's housing units. Other types of housing that are prevalent in Magnolia include mobile homes or trailers ( 2.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Magnolia. Owner-occupied housing accounts for 85.61% of Magnolia's homes, and 70.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Magnolia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Magnolia built between 1940-1969 ( 24.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.85%). There's also some housing in Magnolia built before 1939 ( 15.08%).

Vacant housing appears to be an issue in Magnolia. Fully 14.46% of the housing stock is classified as vacant. Left unchecked, vacant Magnolia homes and apartments can be a drag on the real estate market, holding Magnolia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Magnolia Home Appreciation Rates

Appreciation rates for homes in Magnolia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.25%, which ranks in the top 30% nationwide. This equates to an annual average Magnolia house appreciation rate of 7.61%.

Over the last year, Magnolia appreciation rates have trailed the rest of the nation. In the last twelve months, Magnolia's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Magnolia were at -0.58%, which equates to an annual appreciation rate of -2.28%.

Notably, Magnolia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that Magnolia's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

Median Home Value

$234,848

Magnolia, KY Home Prices
> $1,497,000
$1,122,001 - $1,497,000
$748,001 - $1,122,000
$598,001 - $748,000
$449,001 - $598,000
$299,001 - $449,000
$150,001 - $299,000
$75,001 - $150,000
$0 - $75,000
1.6%
1.6%
4.0%
4.0%
0.0%
0.0%
2.2%
2.2%
9.1%
9.1%
12.0%
12.0%
46.5%
46.5%
17.2%
17.2%
7.5%
7.5%
0% 100.0%
% of Homes
High

for Kentucky

Average

for nation

Number of Homes And Apartments:

278

Magnolia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,303 / per month

Homeownership Rate

Owners
Renters
85.6%
85.6%
14.4%
14.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.5%
14.5%
85.5%
85.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.8%
21.8%
38.2%
38.2%
24.9%
24.9%
15.1%
15.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
97.5%
97.5%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
2.5%
2.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
28.0%
28.0%
50.2%
50.2%
20.0%
20.0%
1.8%
1.8%
0% 100.0%
% of Homes