Elwood-Magnolia, NJ Real Estate
According to census data in the year 2000 there were 455 housing units in Elwood-Magnolia.
This represents a 3% decline from 469 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 455 were located in what is classified as a rural area.
Homeownership rate in Elwood-Magnolia is about 89.6%.
Elwood-Magnolia's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 3.21 people.
The majority of houses, apartments or condos in Elwood-Magnolia were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 13.20% |
| Two Bedrooms | 15.20% |
| Three Bedrooms | 54.10% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.29 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $79,300 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1968 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 15% |
| Home Equity Loan | 15.20% |
| Simple Mortgage | 43.90% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24% |
