North Carolina · Census place 40640
Magnolia town, NC
Quick answer
Magnolia town has 1,109 residents, ranking #435 of 777 places in North Carolina. Median household income is $40,156, the median home is worth $76,900 and median gross rent runs $521 a month.
- Population
- 1,109Magnolia town residents
- Median household income
- $40,156Past 12 months, inflation adjusted
- Median home value
- $76,900Owner-occupied units
- Median gross rent
- $521Rent plus utilities, monthly
- Median age
- 34.6 yrsAll residents
- Homeownership rate
- 65.2%Owner-occupied households
What the numbers mean in Magnolia town
Housing cost measured against local earnings.
A household earning the Magnolia town median would spend about 15.6% 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 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 35.6% of residents and 65.2% 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 North Carolina.
- Franklinville town 1,129
- Springdale CDP 1,120
- Hayesville town 1,110
- Lucama town 1,108
- Five Points CDP 1,096
- Vass town 1,092
- Chocowinity town 1,090
Keep going
More North Carolina coverage.