Magalia, CA

Magalia is a city in the state of california with a population of roughly 12,371. It is in Butte County, California the Chico, CA core-based statistical areas (CBSA), Its Zip codes include 95954 .

The Changing Face of Magalia: A Case Study in Regional Home Price Trends

Magalia is a small town located in the Sierra Nevada foothills, about an hour east of Sacramento. The population was just over 1,000 in 2010 and has been growing at a rate of about 10% per year. The town's economy is based largely on the agricultural industry, with crops such as almonds, grapes, and raisins being the main products. However, there has been a recent trend towards real estate development in Magalia due to its close proximity to major metropolitan areas such as Sacramento and San Francisco.

The majority of residential properties are single-family homes that range from modest ranch style dwellings to large luxury estates. There are also a number of apartments and condominiums available for purchase or lease. Commercial properties include restaurants, retail stores, and office buildings.

The real estate market in Magalia is characterized by stable prices and moderate demand. This is due in part to the fact that there are relatively few homes available for sale compared to other areas of comparable size, as well as the fact that most residents are either long-term residents or investors who are not interested in selling their property right away. Additionally, many potential homebuyers are looking for properties that have good access to public transportation and schools.

Price Index: Chico, CA

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