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Sherman Line Rosenwald SchoolSherman Line Rosenwald School · Photo: Z28scrambler · CC BY-SA 4.0
Housing in Magnolia

6 homes sold in Magnolia in the last year, at a typical $120K

Almost every sale is a house. Below: what your budget buys and a shortcut to every site where Magnolia homes are listed.

Homes sold
6
October 2025 to September 2026
Typical sale price
$120K
median, weighted by sales
Price per square foot
$86
Mississippi $147
Paid vs. asking
94.1%
17% sold over asking
For sale now
6
September 2026
What your budget buys

What $150K buys in Magnolia

Houseat $70 a sq ft, year to May 2026
The same money in Mississippiat $142 a sq ft, year to May 2026

Is this asking price fair?

Check a listing against what Magnolia homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Magnolia home costs about $720 a month

Mortgage
Property tax
Insurance
Rent

Price: Magnolia’s typical sale, last 12 months. Property tax at Magnolia’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Magnolia is affordable on local pay is on Cost of living.

Before you buy in Magnolia

Five things worth knowing

0.9%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $120K home, about $1,130 a year.

Taxes vs. neighbors
C+

Schools

The schools grade for Magnolia, from test results, graduation and how much students grow.

Schools in Magnolia
19 min

Typical commute

The average one-way trip to work for people who live in Magnolia.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Magnolia, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Magnolia. People who follow the town see it, and so do people comparing Magnolia with their own town. No commission, no listing fee.

Questions about buying a home in Magnolia

What do homes sell for in Magnolia, MS?

6 homes sold in the year to September 2026 at a typical $120K, $86 a square foot.

How much are property taxes in Magnolia?

About 0.9% of a home’s value a year. On a $120K home that’s near $1,130.

Where can I see homes for sale in Magnolia?

Zillow, Redfin, Realtor.com and Homes.com all carry Magnolia’s MLS listings; the search links above open each one filtered to Magnolia.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).