January's First-Time Homebuyer Report for Magalia

Magalia is a city in California. It's less affluent than average and the cost of living is less expensive compared to the rest of the state, with a median income of $40,773 per household and cost of living adjustment score of 102.6. Homes in Magalia are relatively old with a median age of 29 years. The top school in the city is Cedarwood Elementary School.

Price Range

Homes in Magalia are generally less expensive than others in the state with a median home value of $128,600 and an average list price of $163,907. Home sales in the Magalia market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 28.6% to 20 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Magalia:

$599K   $749K   $365K  

Typical Dwelling

A three-bedroom detached home valued around $203,094 is considered a typical dwelling in Magalia. If a buyer was looking for a similar home, they would need good credit and a $40,619 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $814 and the property tax rate is $7.93 per $1,000 of taxable assessed value.

Get started right now by checking out Magalia homes for sale or reviewing Magalia real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Chico Homes Real Estate Sales Inc
Snapped 1 home in this area

©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.