The size of Mount Magnet is approximately 261.3 square kilometres. It has 10 parks covering nearly 0.7% of total area. The population of Mount Magnet in 2016 was 470 people. By 2021 the population was 583 showing a population growth of 24.0% in the area during that time. The predominant age group in Mount Magnet is 50-59 years. Households in Mount Magnet are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Mount Magnet work in a labourer occupation.In 2021, 54.70% of the homes in Mount Magnet were owner-occupied compared with 53.90% in 2016.
Mount Magnet has 539 properties. Over the last 5 years, Houses in Mount Magnet have seen a 164.53% increase in median value. As at 31 October 2025:
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