Magnolia, MN Real Estate
According to census data in the year 2000 there were 86 housing units in Magnolia.
This represents a 26.5% growth from 68 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 86 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 88.2%.
Magnolia's vacancy rate, including seasonal lodging, is about 20.9%.
Average household size is 3.18 people.
The majority of houses, apartments or condos in Magnolia were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7% |
| Two Bedrooms | 11.60% |
| Three Bedrooms | 59.30% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.98 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $48,300 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 4.63 |
| Median year structure was built | 1945 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 7.40% |
| Simple Mortgage | 37% |
| Debt Free | 55.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.7% |
