Magnolia, NJ—08049
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Magnolia, NJ
As of Oct '25, the median home price in Magnolia, NJ is $316,000, with a year-over-year change of 3.7%. This indicates that home prices in Magnolia, NJ are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 3.7% |
| Single Family | $316,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $319,000 | 4.2% |
4 Bed | $348,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Magnolia, NJ
As of July '25, Rentcast reports the average rent in Magnolia, NJ is $1,480, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Magnolia, NJ is studios: $1,160, 1-bedrooms: $1,320, 2-bedrooms: $1,620, 3-bedrooms: $1,600, 4-bedrooms: $3,200. The most common rental property sizes in Magnolia, NJ are 1-bedroom and 3-bedroom, accounting for 58.9% and 11.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,480 |
| Studio Rent | $1,160 | $1,160 |
| 1 Bed Rent | $1,400 | $1,320 |
| 2 Bed Rent | $1,550 | $1,620 |
| 3 Bed Rent | $1,600 | $1,600 |
| 4 Bed Rent | $3,200 | $3,200 |
% of Rental Stock
Property Listings — Magnolia, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Magnolia, NJ is 62. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $314,000 | 4.0% |
Listing Count | 23 | 74.0% |
| Listings as % of Homes | 0.6% | 74.0% |
Days on Market | 62 | 33.0% |
Demographics — Magnolia, NJ
As of the latest ACS Survey released in 2023, Magnolia, NJ has a population of 5,270, which has decreased by -4.0% over the past 5 years. Magnolia, NJ is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,270 | -4.0% |
% Under 18 | 21.3% | 4.9% |
% Seniors | 18.7% | 49.6% |
% WFH | 13.7% | 756.2% |
% w/ College Degree | 32.9% | 46.9% |
As of the latest ACS Survey released in 2023, Magnolia, NJ is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Magnolia, NJ is hispanic, making up 16.4% of the population. Foreign-born residents account for 5.8% of the population in Magnolia, NJ, and this percentage has increased by 31.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.2% | -9.2% |
% Black | 14.2% | -23.2% |
% Hispanic | 16.4% | 51.9% |
% Asian | 7.1% | 222.7% |
% Foreign Born | 5.8% | 31.8% |
Mortgage and Risk — Magnolia, NJ
According to HUD data as of 2023, there were 100 mortgage originations in Magnolia, NJ, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Magnolia, NJ. Investor activity is low, as 1.0% of loans were by investors. 25.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 25.0% |
Loan Activity
Rentals and Section 8 — Magnolia, NJ
As of 2024, the percent of homes in Magnolia, NJ under the Section 8 program is 3.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Magnolia, NJ, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,400 | $1,320 |
| 2 Bedroom | $20 | $1,550 | $1,570 |
| 3 Bedroom | $290 | $1,600 | $1,890 |
| 4 Bedroom | -$1,050 | $3,200 | $2,150 |
Affordability — Magnolia, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $316,000 |
| Median Household Income | $94,600 |