Magnolia Home for Sale

Magnolia is a good place to live. Magnolia is considered car-dependent and somewhat bikeable with minimal transit options. Magnolia is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Magnolia has 6 parks for recreational activities. It has a median age of 54. The average household income is $135,191 which is above the national average. College graduates make up 47.1% of residents. A majority of residents in Magnolia are home owners, with 27.1% of residents renting and 72.9% of residents owning their home. A local real estate agent serving Magnolia can help you decide if this neighborhood is the right one for you. Learn more on our Magnolia neighborhood guide.

Magnolia, MA is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.

The median home price in Magnolia is $699,000. If you put a 20% down payment of $139,800 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $3,430 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $147K a year to afford the median home price in Magnolia. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Magnolia is $135K.

The best public schools that serve Magnolia are:

• Gloucester High School has a B Niche grade, a student teacher ratio of 10:1 and an average review score of 3.2.
• Ralph B O'maley Middle School has a B- Niche grade and a student teacher ratio of 11:1.
• West Parish has a B- Niche grade and a student teacher ratio of 13:1.

The most popular zip codes in Magnolia, Gloucester, MA include 01930, 01929, 01915, 01982 and 01966.

The most popular neighborhoods near Magnolia, Gloucester, MA are West Gloucester, East Gloucester, Central Gloucester, Beverly Farms and Centerville.