Magnolia is a village in Putnam County, Illinois, United States. The population was 260 at the 2010 census. It is part of the Ottawa Micropolitan Statistical Area. Magnolia is the oldest village in Putnam County, originally settled in the 1830s by William Hawes. Said to once have over 2,000 residents, the village now has approximately 300 citi…Magnolia is a village in Putnam County, Illinois, United States. The population was 260 at the 2010 census. It is part of the Ottawa Micropolitan Statistical Area. Magnolia is the oldest village in Putnam County, originally settled in the 1830s by William Hawes. Said to once have over 2,000 residents, the village now has approximately 300 citizens. Magnolia is most famous for its mushroom festival, which later moved to a larger city. This made room for the Magnolia days events that take place in August every year.
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