Magnolia, MS Real Estate
According to census data in the year 2000 there were 895 housing units in Magnolia.
This represents a 2.6% decline from 919 in 1990.
Of those housing units, 791 were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 70.5%.
Magnolia's vacancy rate, including seasonal lodging, is about 17.1%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Magnolia were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 7% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 47.60% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $48,000 |
| Median Price asked for vacant units | $35,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $233 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 2.80% |
| Simple Mortgage | 42% |
| Debt Free | 51.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
