Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,795, 3,650 total housing units (homes and apartments), and a median house value of $293,821, Magalia real estate values are some of the lowest in California, although compared to real estate around the nation, Magalia homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Magalia, accounting for 54.08% of the town's housing units. Other types of housing that are prevalent in Magalia include mobile homes or trailers ( 42.18%), duplexes, homes converted to apartments or other small apartment buildings ( 1.62%), and a few row houses and other attached homes ( 1.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Magalia. Owner-occupied housing accounts for 81.08% of Magalia's homes, and 54.08% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Magalia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Magalia built between 2000 and later ( 13.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.23%).
Real estate appreciation rates in Magalia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.34% during the period.
NeighborhoodScout's data show that during the latest twelve months, Magalia's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Magalia's appreciation rate has been -0.65%, which annualizes to a rate of -2.57%.
Notably, Magalia's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Magalia's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$293,821
for California
for nation
3,650
$1,603 / per month