Magnolia, DE—19962
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Magnolia, DE
As of Oct '25, the median home price in Magnolia, DE is $413,000, with a year-over-year change of 2.5%. This indicates that home prices in Magnolia, DE are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $413,000 | 2.6% |
| Single Family | $413,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $359,000 | 0.8% |
3 Bed | $368,000 | 3.1% |
4 Bed | $452,000 | 1.6% |
| 5 Bed | $494,000 | 1.6% |
% of Housing Stock
Rental Trends — Magnolia, DE
As of July '25, Rentcast reports the average rent in Magnolia, DE is $2,300, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Magnolia, DE is 1-bedrooms: $1,420, 2-bedrooms: $1,640, 3-bedrooms: $2,070, 4-bedrooms: $2,640. The most common rental property sizes in Magnolia, DE are 2-bedroom and 3-bedroom, accounting for 45.3% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,420 | $1,420 |
| 2 Bed Rent | $1,700 | $1,640 |
| 3 Bed Rent | $2,100 | $2,070 |
| 4 Bed Rent | $2,700 | $2,640 |
% of Rental Stock
Property Listings — Magnolia, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Magnolia, DE is 26. This is a decrease of -26.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | 1.0% |
Listing Count | 64 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 26 | -26.0% |
Demographics — Magnolia, DE
As of the latest ACS Survey released in 2023, Magnolia, DE has a population of 12,600, which has increased by 6.8% over the past 5 years. Magnolia, DE is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | 6.8% |
% Under 18 | 22.4% | -2.6% |
% Seniors | 16.8% | 2.4% |
% WFH | 6.6% | 120.0% |
% w/ College Degree | 39.6% | 34.2% |
As of the latest ACS Survey released in 2023, Magnolia, DE is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 11.2% in the last 5 years. The second most common race or ethnicity in Magnolia, DE is black, making up 22.7% of the population. Foreign-born residents account for 8.3% of the population in Magnolia, DE, and this percentage has increased by 16.9% 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 | 57.9% | -11.2% |
% Black | 22.7% | 26.8% |
% Hispanic | 6.3% | -25.9% |
% Asian | 4.3% | 95.5% |
% Foreign Born | 8.3% | 16.9% |
Mortgage and Risk — Magnolia, DE
According to HUD data as of 2023, there were 394 mortgage originations in Magnolia, DE, of which 47.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Magnolia, DE. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 394 |
% Conventional Loans | 47.0% |
% Government Loans | 53.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Magnolia, DE
As of 2024, the percent of homes in Magnolia, DE under the Section 8 program is 8.0%. 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. In Magnolia, DE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 57.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,420 | $1,140 |
| 2 Bedroom | -$260 | $1,700 | $1,440 |
| 3 Bedroom | -$90 | $2,100 | $2,010 |
| 4 Bedroom | -$500 | $2,700 | $2,200 |
Affordability — Magnolia, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $413,000 |
| Median Household Income | $108,000 |