Magnolia Farms is a newer, highly desirable residential enclave located off Patriot Parkway in Elizabethtown, Hardin County, Kentucky. The neighborhood is characterized by high-end single-family properties with a median estimated property value of $864,000. Featuring modern construction with a median home age of just 2 years, the area displays a mix of occupancy with a 61% rental rate and a 39% homeownership rate. Home to approximately 1,000 residents with a median age of 52, the community predominantly consists of mature households and families. Economically, Magnolia Farms is an affluent neighborhood featuring a median household income of $73,283 and an income per capita of $57,889, supported by residents primarily employed in public administration, education, construction, and finance.
Latest Market Update
Market activity in Magnolia Farms reflects a high-end luxury market segment with substantial overall value growth. The median estimated property value stands at $864,000—representing a modest 1.07% gain month-over-month and a notable long-term increase of over 336% compared to two years prior. Over the past three months, the neighborhood saw a total for-sale listing volume of $1,795,000. Active inventory includes a prominent new listing at 142 Waterside Dr, featuring a 6-bedroom, 5-bathroom single-family home (4,590 sq. ft.) built in 2019 on 2.69 acres, listed at $1,795,000 ($391 per sq. ft.).