Living in Magnolia, MN
Magnolia, MN offers a quaint and tranquil lifestyle, perfect for those seeking a peaceful community atmosphere. The area boasts beautiful outdoor spaces and essential services while promoting a strong sense of neighborhood. Quality education and a close-knit community make it an ideal location for families and retirees alike.
Current Market Conditions in Magnolia, MN
The real estate market in Magnolia is currently stable, with a growing demand for homes due to the area's appealing lifestyle. Buyers are showing interest in both single-family homes and larger properties suitable for families, resulting in a moderate appreciation in property values.
The market sees a blend of traditional and contemporary homes, attracting both investors and first-time buyers. As job opportunities in nearby urban centers increase, Magnolia is becoming an attractive option for commuters seeking a peaceful retreat after work.
Home Value Estimator For Magnolia, MN
There are currently 115 real estate properties
in Magnolia, MN,
with a median automated valuation model (AVM) price
of $120,206.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Magnolia, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Magnolia, MN,
is $163,565.00, with the most expensive house
in Magnolia, MN, topping out
at $907,622.00 and the cheapest home
in Magnolia, MN,
clocking in at $41,903.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Magnolia, MN!
Rent Prices
In Magnolia, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Magnolia, MN, is on
a rollercoaster ride. The
average rent price in Magnolia, MN,
is $1,034.00. Indeed, when looking to rent in
Magnolia, MN, you can expect to pay as little
as $580.00 or as much
as $1,900.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Magnolia, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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