menu
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, DE 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 Q4 2023. 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, DE Housing Market Trends

With 283 people, 94 houses or apartments, and a median cost of homes of $365,361, Magnolia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Magnolia, accounting for 79.28% of the town's housing units. Other types of housing that are prevalent in Magnolia include duplexes, homes converted to apartments or other small apartment buildings ( 17.12%), row houses and other attached homes ( 3.60%).

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 74.47% of Magnolia's homes, and 71.17% have either three or four bedrooms, which is average sized relative to America.

The housing in Magnolia was primarily built before 1939 ( 71.17%), making the housing stock in Magnolia some of the oldest overall in America, although there is a range of ages of homes in Magnolia. The next most important housing age is between 1970-1999 ( 10.81%), followed by between 1940-1969 ( 9.91%). There's also some housing in Magnolia built between 2000 and later ( 8.11%).

Vacant housing appears to be an issue in Magnolia. Fully 15.32% 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

Magnolia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Magnolia during the period has been just 4.31%, which is lower than 80% of US communities.

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 2.76%, 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 1.71%, which equates to an annual appreciation rate of 7.02%.

Relative to Delaware, our data show that Magnolia's latest annual appreciation rate is lower than 80% of the other cities and towns in Delaware.

Average Home Values

Median Home Value

$365,361

Magnolia Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,869 / per month

Homeownership Rate

Owners
Renters
74.5%
74.5%
25.5%
25.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.3%
15.3%
84.7%
84.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.1%
8.1%
10.8%
10.8%
9.9%
9.9%
71.2%
71.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.3%
79.3%
3.6%
3.6%
17.1%
17.1%
0.0%
0.0%
0.0%
0.0%
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%
7.2%
7.2%
20.7%
20.7%
36.9%
36.9%
34.2%
34.2%
0.9%
0.9%
0% 100.0%
% of Homes