Magnolia, DE Real Estate
According to census data in the year 2000 there were 107 housing units in Magnolia.
This represents a 24.4% growth from 86 in 1990.
Of those housing units, 107 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 71.9%.
Magnolia's vacancy rate, including seasonal lodging, is about 16.8%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Magnolia were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.90% |
| Two Bedrooms | 18.70% |
| Three Bedrooms | 69.20% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $99,300 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1955 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 6.30% |
| Second Mortgage | 0% |
| Home Equity Loan | 12.50% |
| Simple Mortgage | 50% |
| Debt Free | 31.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
