HomeInsuranceQts

Home Insurance in Magnolia, Texas

The median home value in Magnolia is $322,800, 7% lower than the Montgomery County median.

The typical home in Magnolia was built around 2008. About 1% of homes were built before 1960, in line with Montgomery County (2%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Magnolia is 68% single-family homes, 19% apartments in buildings with 5+ units and 10% mobile or manufactured homes.

In Magnolia, about 79% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Magnolia has an owner-occupancy rate of 64% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.

Most homes in Magnolia - 59% - are primarily heated with electricity.

Montgomery County's top FEMA-rated hazard is tornado (Very High), per FEMA's National Risk Index. Montgomery County had 21,771 active NFIP flood policies as of September 2026. See the full Montgomery County home insurance overview for all FEMA hazard ratings and flood coverage details.

In Texas, the statewide average premium for a standard HO-3 homeowners policy is $2,864 per year (NAIC, 2023 data).

37 licensed insurance agencies serve this area.

Key figures

Median home value$322,800
Median year built2008
Owner-occupied share64%
Share of owner-occupied homes with a mortgage79%
Top county hazardTornado (Very High)
Active NFIP policies in Montgomery County21,771
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Magnolia, TX

Licensed insurance agencies in Magnolia

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29