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Population & People
Population
2,620
Median age
32.7
Median household income
$78,605
Poverty rate
5.0%
Unemployment rate
2.4%
Bachelor's degree+
26.9%
Avg. commute
28 min
Hispanic or Latino
21.9%
Source: U.S. Census Bureau, American Community Survey.
Housing & Rent
Median home value
$322,800
Median gross rent
$1,121/mo
Homeownership rate
64.13%
HUD FMR — 2 bedroom
$1,149
HUD Fair Market Rent (Texas statewide average across 254 areas — not specific to Magnolia), 2026. Efficiency $887, 1BR $935, 2BR $1149, 3BR $1497, 4BR $1733. This is a different official figure from Census median gross rent above.
Energy
Texas gasoline midgrade
$4.08
Texas commercial electricity
8.64¢/kWh
Texas industrial electricity
6.55¢/kWh
Texas residential electricity
15.47¢/kWh
Economy
Gross Domestic Product: All Industry Total
2904427.8
Real Gross Domestic Product: All Industry Total
2277203.3
All-Transactions House Price Index for Texas
531.31
Unemployment Rate
4.5%
Source: FRED, Texas-specific series.