Demographics

Population/Income -

  • 2023 Population: 4,420 (Texas Demographic Center 2023)
  • 2020 population: 2,359 (2020 US Census)
  • Median age: 36.6 (2021 ACS 5-year)
  • Median family household income: $104,028 (2022 ACS 5-year)

City Size &Taxes -

  • City size in square miles: approx. 5.5 square miles
  • Property tax rate (2024): $.2948 per $100 valuation

Housing -

  • Median Home Value: $290,147* (Zillow 2023)
  • Types of Structures: 68% Single-Family Homes
  • Average Days on Market: 54 (Redfin 2023 Survey Data)
  • Homeownership Rate: 65.4% (2021 ACS 5-year)

Education (2021 ACS 5-year)

  • High School Graduate 46.8%
  • Some College 38.7%
  • Bachelor's Degree 8.1%
  • Graduate/Professional Degree 7%

Labor Force (2021 ACS 5-year)

  • Employment 61.2%
  • White Collar Workers: 72.4%
  • Blue Collar Workers: 27.7%
  • Number of Universities within an hour’s drive: 9
  • Number of colleges/universities within an hour’s drive: 15

Key Regional Industries –

  • Construction
  • Engineering Services
  • Business Consulting Services
  • Medical and Specialized Hospitals
  • Retail Related
  • Pipe & Other Metal Manufacturing
  • Educational Services
2024 Fiscal Year/2023 Tax Year Ad Valorem Tax Rates per $100 valuation
Montgomery County$0.3479
Magnolia ISD$0.96
City of Magnolia$0.2948
Mont. Co. Hospital Dist.$0.0498

Lone Star College Dist.

$0.1076

Mont. Co. ESD 10

$0.0879