Magnet is an unincorporated community in southeast Wharton County, in the U.S. state of Texas. The rural community is situated at the intersection of State Highway 60 (SH 60) and County Road 102 a short distance north of the Matagorda County line. Founded in the first decade of the 20th Century by a land developer, the town prospered for a time but eventually lost its school, post office, railroad and businesses. Magnet is identified by road signs on SH 60 and by a tall broadcasting tower.