Magnet is an unincorporated community in southeastern Wharton County, Texas, United States. The rural community is situated at the intersection of State Highway 60 and County Road 102, a short distance north of the Matagorda County line. Magnet is identified by road signs on SH 60 and by a tall broadcasting tower. According to the Handbook of Texas, th…Magnet is an unincorporated community in southeastern Wharton County, Texas, United States. The rural community is situated at the intersection of State Highway 60 and County Road 102, a short distance north of the Matagorda County line. Magnet is identified by road signs on SH 60 and by a tall broadcasting tower. According to the Handbook of Texas, the community had a population of 42 in 2000. it is located within the Greater Houston metropolitan area.