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City Report · TX

Magnolia

Pop. 4,068·68th most expensive in Texas·Rental market data updated monthly for Magnolia, TX
Median rent (all units)
$1,914/mo
Year-over-Year
+4.2%
Month-over-Month
-0.8%
vs US Median
-$51
Falling (Monthly)
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Most AffordableMost Expensive
Magnolia · $1,914
More expensive than 54% of US cities · National median $1,965/mo
Rent Reality Score
55/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Magnolia's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,914/mo
Expected by trend
$1,965/mo
The Rent Reality Score compares today's median rent to where Magnolia's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,220
1 BR
$1,270
2 BR
$1,520
3 BR
$2,030
4 BR+
$2,550
Research median
$1,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,968/yr
At $1,914/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.2% YoY, -0.8% MoM), not inventory.
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Demographics

Who lives here

Magnolia, TX is majority owner-occupied, skews toward younger working-age adults, 26.9% of residents hold a bachelor's degree or higher.

Population
4,068
Median income
$78,605
Median age
32.7
Renters
35.9%
Age distribution
23.8%
32.4%
22.8%
12.8%
Under 1823.8%
18–3432.4%
35–5422.8%
55–648.2%
65+12.8%
Gender
43.6%
56.4%
Male43.6%
Female56.4%
Race & ethnicity
70.2%
21.9%
White70.2%
Black7.4%
Hispanic21.9%
Asian0.7%
Education (25+)
27.9%
40.8%
26.9%
No HS diploma4.4%
HS diploma27.9%
Some college40.8%
Bachelor's+26.9%
Housing tenure
64.1%
35.9%
Owner64.1%
Renter35.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Magnolia, TX has changed in 5 years

Rent
$1,593 → $1,914
up 20.2%
Income
$63,661 → $78,605
up 23.5%
Population
2,303 → 4,068
up 76.6%
Renter share
42.4% → 35.9%
-6.5 pts
Bachelor's+
26.5% → 26.9%
+0.4 pts
Median age
36.6 → 32.7
-3.9 yrs

Since 2022, the typical rent in Magnolia, TX has climbed from $1,593 to $1,914, a 20.2% change over five years. Median household income rose from $63,661 to $78,605 between 2021 and 2024, a 23.5% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 76.6% since 2021, moving from about 2,303 residents to roughly 4,068. Renters now make up 35.9% of households, compared with 42.4% five years ago. Taken together, the five-year picture in Magnolia, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Magnolia rent history (2015–2026) →
Salary vs rent

Can you afford rent in Magnolia on your salary?

At $1,914/mo, how Magnolia rent compares to typical pay (30% rule).

By apartment size

Magnolia rent by bedroom count

Median rent for each apartment size in Magnolia. Click any size for full breakdown.

Local insights

Tips for renters in Magnolia

About renting in Magnolia, TX

Last updated: July 20, 2026

The median rent in Magnolia is $1,914/mo as of July 2026. A studio apartment averages $1,220/mo while a 2-bedroom runs $1,520/mo. One-bedroom apartments average $1,270/mo and 3-bedroom units go for $2,030/mo.

At 29% of local median household income ($78,605/yr), Magnolia ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

Is Magnolia an affordable city for renters?

Magnolia is considered affordable for renters. At $1,914/mo, rent takes approximately 29% of the local median household income ($78,605/yr). The standard benchmark is 30%. Magnolia falls comfortably within that range.

How much income do you need to rent in Magnolia?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (~$37/hour full-time) to afford the median rent of $1,914/mo in Magnolia. The local median household income is $78,605/yr, meaning the typical Magnolia household meets that threshold.

Is rent going up or down in Magnolia?

Rent in Magnolia has increased 4.2% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Magnolia rent compare to other cities in Texas?

Magnolia is one of the pricier cities in Texas for rent, ranking #68 out of 269 tracked cities at $1,914/mo.

Which nearby cities are cheaper to rent in than Magnolia?

Several nearby cities have lower median rents than Magnolia ($1,914/mo): Waller ($1,463/mo), Tomball ($1,745/mo), Montgomery ($1,885/mo).

What percentage of Magnolia residents rent vs. own?

According to Census data, approximately 35.9% of Magnolia households are renters, while 64.1% are owner-occupied. Magnolia leans toward homeownership, which can mean a smaller rental inventory.

How does Magnolia rent compare to the national average?

Magnolia's median rent of $1,914/mo is $51 (3%) below the US national median of $1,965/mo. Within Texas, it ranks #68 out of 269 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,914/mo, rent takes ~29% of Magnolia's median household income ($78,605/yr). The standard benchmark is 30%.

Magnolia 29%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Magnolia, TX

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