Provided is a stud finder for determining the location of a stud within a wall. The stud finder includes a body having an internal compartment formed therein which is sized and configured to house a magnetic element therein. The stud finder is moveable along the wall to place the magnetic element in magnetic attraction with metallic fasteners (i.e., nails, screws, etc) disposed within the stud, such as for securing drywall to the stud. The magnetic attraction urges the magnetic element toward the metallic element to provide a visual indication as to the precise location of the metallic element, as well as the underlying stud.