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City · 10,894 residents · Columbia County, Arkansas

Magnolia , Arkansas

In Magnolia, a typical home is worth $169,300 and typical rent is $633 a month. Compared with all of Columbia County, the typical home value is 11% higher and the share of households that own their home is 17 points lower.

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  • Typical home value

    $169,300

    11% above the county

    10% below Arkansas

    • Magnolia
    • Columbia
    • Arkansas

  • Typical rent

    $633a month

    2% below the county

    33% below Arkansas

    • Magnolia
    • Columbia
    • Arkansas

  • Typical household income

    $56,127a year

    About the same as the county

    8% below Arkansas

    • Magnolia
    • Columbia
    • Arkansas

  • Households that own their home

    54%

    17 points below the county

    13 points below Arkansas

    • Magnolia
    • Columbia
    • Arkansas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$137,691
1.7% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Magnolia is in Columbia County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Columbia County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Magnolia apart

What this place has that others do not, from public data, most unusual first.

  1. Magnolia has the 3rd lowest typical rent of the 71 cities in Arkansas with more than 5,000 people ($633).

  2. Nearby, in Hope, the typical home value is $91,900: 46% less than in Magnolia ($169,300).

  3. 54% of households in Magnolia own their home, against 71% in Columbia County.

  4. According to Zillow, in the 12 months to September 2026 the typical home value in Magnolia fell 1.7%; in Arkansas, it rose 3.4%.

  5. 11% of households in Magnolia have no internet at home (17% in Columbia County).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Magnolia

What homes there are in Magnolia, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Magnolia, 6 in 10 homes are single-family detached houses; in Columbia County, 7.

Year built

The typical home in Magnolia was built in 1977, 4 years before the typical one in Columbia County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

With an FHA limit of $541,287, at least 96% of owner-occupied homes in Magnolia sit below it: they are worth less than $500,000.

Monthly rent with utilities

About 82% of rented homes in Magnolia cost less than HUD's 2-bedroom fair market rent for Columbia County ($947).

With a mortgage

$1,445 a month

Columbia County: $1,243 a month

Without a mortgage

$358 a month

Columbia County: $384 a month

Owners with a mortgage

50%

Columbia County: 46%

The typical cost for an owner with a mortgage in Magnolia is $1,445 a month, more than in Columbia County ($1,243); without one, $358.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Magnolia rose 76% since 2015–2019, less than in Columbia County (86%).

The typical rent in Magnolia stayed about the same over that time: the difference is within the Census margin of error.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMagnoliaColumbia CountyArkansasUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.4%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate4.0%2.7%3.4%
People per household 2.402.412.462.53
Drive alone 78%81%79%69%
Carpool 9%8%9%9%
Public transit 0%Unreliable estimate0%3%
Walk or bike 5%4%2%3%
Work from home Unreliable estimate5%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

A household in Magnolia has 2.40 people on average, about the same as in Columbia County (2.41).

To get to work, 78% of workers in Magnolia drive alone; in Columbia County, 81%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Magnolia?

A typical home is tight for the typical income

We start with a typical home in Magnolia, worth $169,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Magnolia, which is $56,127 a year. For that payment to be 28% of income, a household would need to earn about $57,699 a year.

The calculator's FHA and conventional loan limits are those of all of Columbia County.

Your numbers

Local data
$

Starts at the typical home value in Magnolia. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $5,926 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,346

at 7.18% · 30 years

Loan amount
$166,233
Total interest
$239,170
Paid off in
November 2056

Includes $2,859 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,310 a month

  • Tight

    $1,310 to $1,684 a month

    Your payment · 29%

  • Hard

    more than $1,684 a month

Compared with the typical household income in Magnolia ($56,127 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,346
Principal & interest$1,126
Property tax$75
Home insurance$71
FHA mortgage insurance (MIP)$75

You need at least $5,926 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Magnolia and Columbia County

Magnolia is in Columbia County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Magnolia's own numbers

Typical home value
$169,300
Typical monthly rent
$633
Typical yearly household income
$56,127
Households that own their home
54%
Effective property tax rate
0.53%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Columbia County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$947
Price change over 5 years (FHFA)
+30%
Homes in a high flood-risk zone
1.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Columbia County.

Everything about Columbia County

Buying

Buying a home in Magnolia

A typical home in Magnolia is worth $169,300: 11% above the county and 10% below Arkansas. With the typical household income in Magnolia ($56,127 a year), a typical home costs 3.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Magnolia 3.0 years
  • Columbia 2.7 years
  • Arkansas 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Columbia County

According to FHFA’s house price index, home prices in Columbia County rose 55% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Columbia County.

Period County Arkansas U.S.
Last year (2025) +1.5% +3.4% +2.9%
5 years (2020–2025) +30% +52% +47%
10 years (2015–2025) +55% +79% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Magnolia next to Columbia County, Arkansas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Magnolia $169,300
  • Columbia $152,100
  • Arkansas $188,000
  • United States $332,700
Typical monthly rent
  • Magnolia $633
  • Columbia $649
  • Arkansas $947
  • United States $1,413
Typical yearly household income
  • Magnolia $56,127
  • Columbia $55,334
  • Arkansas $60,773
  • United States $80,734
See the full table
Magnolia next to Columbia County and Arkansas
Measure Magnolia Columbia County Arkansas U.S.
Typical home value $169,300 $152,100 $188,000 $332,700
Typical monthly rent $633 $649 $947 $1,413
Typical yearly household income $56,127 $55,334 $60,773 $80,734
Households that own their home 54% 71% 66% 65%
Typical yearly property tax $895 $718 $1,040 $3,119
Effective property tax rate 0.53% 0.47% 0.55% 0.94%
Renters with high rent for their income 30% 31% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Columbia County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Magnolia

For a typical $169,300 home in Magnolia, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Magnolia's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,346a month

    Least cash to close
    Down payment
    $5,926
    Cash to close
    $11,005
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $75

  • Conventional, 5% down $1,315a month

    Down payment
    $8,465
    Cash to close
    $13,544
    Rate
    7.18%
    Mortgage insurance
    PMI · $80

  • Conventional, 20% down, no PMI $1,063a month

    Down payment
    $33,860
    Cash to close
    $38,939
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,219a month

    Down payment
    $25,395
    Cash to close
    $30,474
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Magnolia and for Columbia County.

Property tax

Effective rate in Magnolia

0.53%of the home’s value each year

$895 a year for the typical owner in Magnolia.

  • Magnolia 0.53%
  • Columbia 0.47%
  • Arkansas 0.55%

What Arkansas publishes Homestead property tax credit (Arkansas General Assembly (Act 174 of the 2026 Fiscal Session))

Exemptions and deadlines in Arkansas

Flood risk in Columbia County

FEMA does not publish these numbers by city: they are for all of Columbia County.

Homes in the high-risk zone
1.2%
75
Of those, with NFIP insurance
2.7%
County Arkansas U.S.
Homes in the high-risk zone 1.2% 3.4% 3.5%
Of those, with NFIP insurance 2.7% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Magnolia

Typical rent in Magnolia is $633 a month: 2% below the county. In Magnolia, 30% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Columbia County, by unit size. To pay the 2-bedroom one ($947 a month) without spending more than 30% of your income, you would need to earn $18.21 an hour working full time.

HUD fair market rent for all of Columbia County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $673 $12.94 $26,920
1 bedroom $724 $13.92 $28,960
2 bedrooms $947 $18.21 $37,880
3 bedrooms $1,165 $22.40 $46,600
4 bedrooms $1,245 $23.94 $49,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Magnolia

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Magnolia is in ZIP code 71753.

For 2 bedrooms it is $910: $37 less than the fair market rent for Columbia County ($947).

  • 71753 $910$1,120

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Magnolia when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Magnolia

HUD lists 5 buildings with rents for lower incomes in Magnolia. These are the largest.

  • Pine Valley 205 S Verda, Magnolia 71753 180 low-income homes · Run by Housing Authority of the City of Magnolia · Average payment: $370 a month · Average wait: 6 months (870) 234-5540
  • Pine Valley Apartments 100 Sherwood Dr, Magnolia 71753 50 low-income homes · For older adults (870) 234-5540
  • Ridge at Magnolia 1640 E Main St, Magnolia 71753 64 homes, 45 low-income · Studio: 1 · 1 bd: 4 · 2 bd: 32 · 3 bd: 27 · In service since 2004
  • Preston Apartments 436 Renfroe, Magnolia 71753 40 low-income homes · 3 bd: 39 · 4 bd: 1 · In service since 2015
  • Jay Johnston and Ralph Weiser Residential Centers 1320 E North St, Magnolia 71753 32 low-income homes · For people with disabilities (870) 234-6118

See all 5 buildings in Columbia County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Magnolia

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Columbia County. The nearest ones are below; many serve by phone or online.

A grandmother pushes her grandson on a playground swing.

HUD counseling is free or low-cost

Assistance programs in Magnolia

No down payment, repair or rent-help program on our list is for Magnolia or Columbia County. The ones below are statewide in Arkansas: they work in Magnolia the same as in the rest of the state.

Which programs do I qualify for? All programs in Arkansas

  • ADFA Down Payment Assistance Loan Program

    Statewide in Arkansas

    Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart). Offered by Arkansas Development Finance Authority (ADFA).

    Repayable

    See the program Official page

Housing counselors near Magnolia

The HUD-approved agencies closest to the center of Magnolia, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southern Bancorp Community Partners

    206 Airport Rd, Hot Springs · 84 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    501-406-6000-2863

  • In Affordable Housing, Incorporated

    3224 Shackleford Pass, Little Rock · 111 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 4 more
    (501) 221-2203

  • Southern Bancorp Community Partners

    3999 W 12th St, Little Rock · 114 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (501) 406-6000

All counseling agencies in Arkansas

Help in Spanish near Magnolia

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Magnolia

HUD’s record names them for Magnolia or Columbia County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the City of Magnolia Public housing (870) 234-5540

All housing agencies in Arkansas Source: HUD

Cities

Nearby cities

The cities closest to Magnolia, with the typical home value.

Everything about Columbia County Housing in Arkansas

Neighboring counties

If Columbia County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Magnolia.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Magnolia

Short answers with the numbers for Magnolia and all of Columbia County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Magnolia?

The typical home value in Magnolia is $169,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Columbia County it is $152,100.

How much does it cost to rent in Magnolia?

Typical rent in Magnolia is $633 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Columbia County is $947.

What is the FHA loan limit in Magnolia?

Magnolia uses the FHA limit for all of Columbia County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Magnolia?

The typical homeowner in Magnolia pays $895 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Columbia County, the rate is 0.47%.

Where can I find free help to buy or rent in Magnolia?

We found no HUD-approved counseling agencies with an office in Columbia County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).