Magnolia, NJ Real Estate
According to census data in the year 2000 there were 1,821 housing units in Magnolia.
This represents a 1.7% decline from 1,852 in 1990.
Of those housing units, 1,821 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 76.6%.
Magnolia's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Magnolia were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 13.90% |
| Two Bedrooms | 18.10% |
| Three Bedrooms | 51.70% |
| Four Bedrooms | 11.30% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $90,900 |
| Median Price asked for vacant units | $101,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $569 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 51.70% |
| Debt Free | 31.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.6% |
