Magnolia, NC Real Estate
According to census data in the year 2000 there were 368 housing units in Magnolia.
This represents a 15.4% growth from 319 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 368 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 56.6%.
Magnolia's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Magnolia were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 15.20% |
| Two Bedrooms | 28.30% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $60,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $99 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 1.60% |
| Simple Mortgage | 45.50% |
| Debt Free | 48.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
