Magnolia, AR home prices
Typical home $125,336 · -2.8% in a year · income needed $33,700
The Magnolia, AR metro area ranks 853 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -2.8% in a year and -17.2% over five years. With 20% down at 7.11%, the typical home costs about $786 a month including 0.47% property tax (Columbia County rate).
Mortgage on the typical Magnolia home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $25,067 | $100,269 | $675 | $0 | $112 | $786 | $33,700 |
| 10% down | $12,534 | $112,802 | $759 | $47 | $112 | $918 | $39,300 |
| 5% down | $6,267 | $119,069 | $801 | $50 | $112 | $963 | $41,300 |
| 3.5% down (FHA) | $4,387 | $123,066 | $828 | $55 | $112 | $995 | $42,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Magnolia area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Columbia County, AR | $125,336 | -2.7% | 0.47% |
What can you afford in Arkansas on your salary? · Arkansas home prices · Salaries in Arkansas
Frequently asked questions
How much is a house in Magnolia?
The typical home in the Magnolia, AR metro area is worth $125,336 (Zillow, September 2026).
What salary do you need to buy a house in Magnolia?
About $33,700 a year for the typical home with 20% down at 7.11%.