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Magnolia, IL
Full City Profile · Illinois · Putnam County County
2.9
/5.0
C+
Fair
212
Population
684/sq mi density
$74,500
Median Income
$37,449 per capita
$134,300
Home Value
$193,243 Zillow
$641
Median Rent
18.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
299
Violent Crime/100K
1,283 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$74,500 median income, 3.2% unemployment
A+
Affordability
5.0 / 5.0
$134,300 home value, $641/mo rent
F
Safety
1.0 / 5.0
299 violent crimes/100K
D
Education
2.0 / 5.0
12.0% bachelor's degree or higher
Housing Overview
Median Home Value
$134,300
52% below
US avg: $281,900
Median Rent
$641/mo
45% below
US avg: $1,163/mo
Homeownership Rate
60.8%
7% below US avg (65.4%)
Total Housing Units
120
Median year built: 1970
Home Value by Source
Census Median
$134,300
Zillow (ZHVI)
$193,243
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.8%
Owner-Occupied
39.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$641/mo
Affordability & Housing Stock
Rent Burden
18.4%
of renters spending 30%+ of income on housing
41% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
60.8%
Complete Housing Data
Home Values
| Census Median Value | $134,300 |
| Zillow Home Value (ZHVI) | $193,243 |
Rent
| Census Median Rent | $641 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 60.8% |
| Renter-Occupied | 39.2% |
| Homeownership Rate | 60.8% |
| Total Housing Units | 120 |
| Median Year Built | 1970 |
| Rent Burden | 18.4% |