Magnolia, OH Real Estate
According to census data in the year 2000 there were 411 housing units in Magnolia.
This represents a 7% growth from 384 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 411 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 74.7%.
Magnolia's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Magnolia were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.30% |
| Two Bedrooms | 22.60% |
| Three Bedrooms | 46.70% |
| Four Bedrooms | 22.10% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $91,000 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $381 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 41.70% |
| Debt Free | 40.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
