The historic railroad depot in Magnolia, Texas

Photo: Magnolia Historic Depot by Stedil, CC BY-SA 4.0 (cropped)

Buying a home in Magnolia, TX

What Magnolia homes cost, how fast they sell, the real monthly payment with taxes and insurance, and what your budget buys, from 2,242 HAR MLS sales. Updated October 2026.

Talk to a Magnolia buyer's agentSelling in Magnolia?

Is it a good time to buy a house in Magnolia, TX?

Magnolia is a balanced market with 5.1 months of homes for sale (953 active single-family listings). Homes sold for a median 97.7% of list price after 39 days, and 63% of sellers paid toward the buyer's closing costs (median $7,828), so there is room to negotiate on homes that have sat.

The Magnolia home market, October 2026

From our monthly market report: resale single-family homes closed 2025-10-18 to 2026-10-18, HAR MLS.

Median sale price · 12 mo
$410,000 ▼ 3.5%
Last 3 months $400K · 920 resales
Price per sq ft · 12 mo
$182 ▼ 2.5%
Median 2,368 sq ft · built 2006
Days on market · 12 mo
32 days ▲ 3 days
CDOM 53 · 98.3% of list · 76% below original ask
Cash buy target · 12 mo
$261,500 ▲ 2.5%
Median fixer-upper sale (68) · 24% below updated $/sq ft · cash sales $400K
Seller concessions · 12 mo
41% ▲ 1 pts
of sales · median $7,828 (2.0%)
Median rent, houses · 12 mo
$2,045 ▼ 2.6%
787 leases · $1.15/sq ft · 3-bed $1,875
2024-102026-10$420K
Median resale price by month, 24 months (gray = the year before).

▲▼ = change vs the 12 months before (2024-10-18 to 2025-10-18). Resale single-family houses, new construction excluded.

Balanced5.1 months of inventory

960 single-family homes active, 217 pending, against 188 closings a month (new builds included). Under 4 months favors sellers, over 6 favors buyers.

All single-family sales including new construction: median $314,000; new construction 59% of sales at a median $294,000. For sale today: 953 homes at a median list price of $370,000, on the market a median 62 days; 217 under contract. 9% of homes sold have a pool.

The real monthly payment

For the median Magnolia home ($314,000) with 10% down ($31,400) at the 7.40% 30-year average (2026-10-15).

Property tax at the median MLS rate before any homestead exemption; insurance 0.9% of price a year; HOA averaged across homes. Mortgage insurance, if any, is extra. Get a lender quote for your own number.

Principal + interest$1,957
Property tax (2.81%)$735
Homeowners insurance$236
HOA (average)$57
Estimated payment / month$2,985

For comparison, a 3-bedroom house in Magnolia rents for a median $1,875 a month.

What your budget buys in Magnolia

The typical home sold in each price range, last 12 months (new construction included).

Price rangeMedian sq ftBedroomsBuiltNew constructionHomes sold
Under $250K1,5123202569%451
$250K–$350K1,9504202574%947
$350K–$450K2,4634202560%277
$450K–$600K2,6634202041%231
$600K and up3,6654200715%336

Magnolia by ZIP code

ZIP codes with at least 20 single-family sales in the last 12 months. Flood claims are FEMA flood insurance claims in 10 years.

ZIPMedian pricePrice / sq ftMedian sq ftDays on marketFor sale nowFlood claims (10 yr)
77354$319,990$1602,07242602355
77355$300,000$1572,11734333313
77316$443,000$1692,52912914102
Costs and risks to check
In 100-year flood zone
2% of resale homes sold
Flood claims, 10 years
809 FEMA NFIP, city ZIP codes
Property tax rate
1.58% median on MLS, incl. MUD/PID
HOA
$500/yr 80% of homes · check lease rules
Insurance (estimate)
0.9% of value ≈ $186/mo
Cash buyers
26% of 133 sales reporting terms
Days to lease
31 days ▲ 5 days
Rental supply
3.1 mo 218 for lease now

Rates: 30-year fixed average 7.40% (2026-10-15), 6.27% a year earlier; 15-year 6.71% (Freddie Mac via FRED). Investor DSCR loan quote 7.875% (Blink Lending, 2026-10-14).

Buying in Magnolia: questions we hear

How much is a house in Magnolia, TX?
The median single-family home in Magnolia sold for $314,000 over the last 12 months (2,242 sales), $159 per square foot. Resales: $410,000; new construction: $294,000 (59% of sales). Homes for sale today list at a median $370,000.
What is the monthly payment on a $314,000 house in Magnolia?
About $2,985 a month with 10% down ($31,400) at the 7.40% 30-year average rate: $1,957 principal and interest, $735 property tax at Magnolia's median 2.81% rate, $236 insurance and $57 HOA. A homestead exemption lowers the tax once you live there; mortgage insurance may apply under 20% down. A 3-bedroom house rents for about $1,875 here.
What are property taxes in Magnolia, TX?
The median total tax rate on homes sold in Magnolia was 2.81% (all taxing units combined, including MUD or PID districts where they apply). Texas has no state income tax, so local property taxes are higher than most states. 92% of homes sold have an HOA (median $748 a year).
What school districts serve Magnolia?
Homes sold in Magnolia in the last 12 months were in Magnolia ISD, Tomball ISD, Waller ISD. Districts follow property lines, not city or ZIP lines, so check the district for each address you consider.
What can I buy in Magnolia for my budget?
In the $250K–$350K range, the typical Magnolia home sold was 1,950 square feet with 4 bedrooms, built around 2025. Every price range is in the table on this page.
Does Magnolia flood?
2% of resale homes sold in Magnolia sit in a FEMA 100-year flood zone, and the city's ZIP codes had 809 flood insurance claims in 10 years. Check the flood zone and the seller's disclosure for every home, and quote flood insurance before you offer.

Looking somewhere else around Houston?

Buying to rent it out? See rents and cash flow in Magnolia. Already own here? See what Magnolia homes sell for.

Sources: HAR MLS closed sales, active listings and leases (single-family homes); Freddie Mac 30-year average rate via FRED; FEMA National Flood Insurance Program claims (OpenFEMA). Data as of 2026-10-20; medians for the Magnolia postal city (Montgomery County). Based on information from the Houston Association of REALTORS® MLS; not guaranteed accurate. School district names come from MLS records; verify for each address.

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