Magnolia, MN Housing Statistics

A+

56%

Med. Home Val. NAT. AVG.

31%

Rent NAT. AVG.

8%

Owner Occ. NAT. AVG.

Magnolia Housing Information

Index	Magnolia	Minnesota	National
Median home price	$144,887	$339,061	$326,622
Median rent asked	$996	$1,332	$1,444
Avg. people per household	1.9	2.4	2.6
Owner occupied households	68.5%	71.4%	63.6%
Renter occupied households	31.5%	28.6%	36.4%

Homes For Sale In Magnolia, MN

312 W Luverne St

Magnolia, MN

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Magnolia Housing Market

Monthly market trends

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Real Estate Data Provided by Redfin

Housing Quick Facts

The median home price in Magnolia is 56% lower than the national average.
The median rent asked in Magnolia is 31% lower than the national average.
The average number of people per household in Magnolia is 27% lower than the national average.
The number of owner occupied households in Magnolia is 8% higher than the national average.
The number of renter occupied households in Magnolia is 14% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Lismore, MN	281	$85,430	74%
Kenneth, MN	61	$85,573	74%
Ellsworth, MN	532	$104,318	68%
Hardwick, MN	208	$105,180	68%
Steen, MN	144	$109,059	67%
Magnolia, MN	198	$144,887	56%

Cities with similar population

	Population	Home Price	National Avg.
Ogema, WI	198	$145,974	55%
Dwale, KY	198	$0	100%
Smolan, KS	198	$168,051	49%
Cheyney University, PA	198	$0	100%
Greenbush, WI	198	$249,202	24%
Magnolia, MN	198	$144,887	56%

Source: The Magnolia, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.