Bankruptcy Homes in Magalia, CA

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Home Value Estimator For Magalia, CA

There are currently 7,635 real estate properties in Magalia, CA, with a median automated valuation model (AVM) price of $147,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Magalia, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Magalia, CA, is $183,281.00, with the most expensive house in Magalia, CA, topping out at $17,202,000.00 and the cheapest home in Magalia, CA, clocking in at $12,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Magalia, CA!

Rent Prices In Magalia, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Magalia, CA, is on a rollercoaster ride. The average rent price in Magalia, CA, is $1,137.00. Indeed, when looking to rent in Magalia, CA, you can expect to pay as little as $630.00 or as much as $3,150.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Magalia, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Magalia, CA In 2024

Magalia is located in Butte, California, with an estimated municipal population of 11,476 residents. All of the best foreclosed homes for sale in Magalia are located in the following zip code areas on 95954. The estimated population per square kilometer (.62 miles) in Magalia is 316.

Cost Of Living In Magalia, CA

So, about how much do homes cost in Magalia? The most recent median value of resident-owned homes in Magalia is 173,140. An estimated 78.3 percent of households in Magalia own their homes, with an average family size of 2.94. The median household income in Magalia is 50,415, with12.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Magalia, the median commute time of resident workers (in minutes) is 30.5. And last, but certainly not least, are you looking for homes to rent in Magalia? If so, the average rent price paid by renters in Magalia is 1,058, according to recent statistics.

Diversity And Demographics In Magalia, California

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Magalia, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Magalia is 49.9, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Magalia is 45.3, with an average family size of 2.94.

The percentage of residents who report their race in Magalia is as follows:

White 89.1%
Black / African American 0%
Asian 1%
American Indian / Alaskan Native 1.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 7.5%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Magalia? Or maybe you are searching for 55+ active adult communities in and/or near Magalia?

The percentage of residents who report their age in Magalia is as follows:

Under 10 9.7%
Aged 10-19 8.1%
20s 14.5%
30s 6.9%
40s 10.7%
50s 15.7%
60s 19.2%
70s 9.8%
80+ 5.3%

Best Schools In Magalia, California

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Magalia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Magalia.

Pros And Cons Of Living In Magalia, California

How do you know that living in -- or moving to -- Magalia is right where you need to be? Perhaps you grew up in Magalia or already live nearby; therefore, the decision to buy a home in Magalia is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Magalia for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Magalia:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Magalia.

Reasons To Move To Magalia, California, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Magalia can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Magalia, meanwhile, can field multiple offers from more qualified buyers.

Magalia, CA Bankruptcy Homes


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