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.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.90%
Two Bedrooms18.70%
Three Bedrooms69.20%
Four Bedrooms9.30%
Five Bedrooms or more0.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1939
Median Value of occupied units$99,300
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1955

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan6.30%
Second Mortgage0%
Home Equity Loan12.50%
Simple Mortgage50%
Debt Free31.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%