Located in Elizabethtown, Kentucky (ZIP code 42701), Magnolia Gardens is a well-established residential neighborhood primarily bound by Orchard Road, Calhoun Street, Drayton Drive, and Sweet Grass Circle. The community primarily consists of single-family homes with a median age of around 34 years, featuring a strong sense of stability through its 63% homeownership rate. Homes in the 42701 area boast a median estimated value of around $299K–$300K, reflecting steady long-term appreciation, with the majority of properties offering three-bedroom layouts and single-family setups. Residents enjoy a convenient lifestyle with an average commute time of under 30 minutes, reasonable access to local amenities and schools, and a quiet, suburban atmosphere set at an elevation of 726 feet.
Latest Market Update
The Magnolia Gardens neighborhood in Elizabethtown, KY (ZIP 42701), features active homebuilding and higher-end market demand heading into autumn 2026. Over the last three months, market activity was highlighted by four closed single-family transactions totaling $1,576,100, including sales on Calhoun St ($359,900, $369,900, and $496,400) and Marion Ct ($349,900). Inventory remains active with a pending sale at 110 Drayton Dr, featuring a 3-bedroom, 3-bathroom, 2,732 sq. ft. home listed at $535,000 ($196/sq. ft.). Broadly across the 42701 ZIP code, median estimated property values reached $301,640 in September, reflecting stable year-over-year growth (+1.92%) and long-term appreciation (+8.34% over 36 months).