Magnolia First-Time Homebuyer Report for October

Magnolia is a small city in New Jersey with a median income of $52,536 per household. Besides being much less affluent than average, its population is much older than others with a median age of 38 years. The Magnolia market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Topping the list of best schools in the city is Mary Bray.

Price Range

Some of the least expensive homes in New Jersey are in Magnolia with a median home value of $130,200, while the list prices of available homes is currently at an average of $134,542.

Make sure you take a look at these eye-catching homes in Magnolia that generated the most views from potential buyers:

$150K   $159K   $125K  

Typical Dwelling

The typical dwelling in Magnolia is a three-bedroom detached home worth about $139,153. To purchase a similar home, a buyer with good credit and a $27,831 cash down payment could obtain a mortgage with a 3.95% interest rate and a $978 monthly payment. The property tax rate is $29.76 per $1,000 of taxable assessed value.

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

Data reported through 10/13/2016


Ask a local expert about this area:
RE/MAX Hometown Realtors
10 reviews
Berkshire Hathaway
Snapped 1 home in this area

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