Magnolia, AR Real Estate
According to census data in the year 2000 there were 4,801 housing units in Magnolia.
This represents a 2.4% growth from 4,689 in 1990.
Of those housing units, 4,608 were located in either urbanized areas or urban clusters, and 193 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 57.5%.
Magnolia's vacancy rate, including seasonal lodging, is about 13%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Magnolia were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 15% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 6.60% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $62,900 |
| Median Price asked for vacant units | $28,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $266 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 50.20% |
| Debt Free | 44.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
