Alabama · Census place 46072
Magnolia Springs town, AL
Quick answer
Magnolia Springs town has 1,278 residents, ranking #294 of 593 places in Alabama. Median household income is $93,000, the median home is worth $399,100 and median gross rent runs $1,141 a month.
- Population
- 1,278Magnolia Springs town residents
- Median household income
- $93,000Past 12 months, inflation adjusted
- Median home value
- $399,100Owner-occupied units
- Median gross rent
- $1,141Rent plus utilities, monthly
- Median age
- 48.8 yrsAll residents
- Homeownership rate
- 86.7%Owner-occupied households
What the numbers mean in Magnolia Springs town
Housing cost measured against local earnings.
A household earning the Magnolia Springs town median would spend about 14.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.1% of residents and 86.7% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Alabama.
- New Market CDP 1,296
- Steele town 1,293
- Woodstock town 1,282
- Rogersville town 1,260
- Fyffe town 1,250
- Gallant CDP 1,215
- Altoona town 1,211
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More Alabama coverage.