Magnolia, TX Real Estate
According to census data in the year 2000 there were 500 housing units in Magnolia.
This represents a 37.7% growth from 363 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 500 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 72.5%.
Magnolia's vacancy rate, including seasonal lodging, is about 15%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Magnolia were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.20% |
| Two Bedrooms | 29.40% |
| Three Bedrooms | 44.20% |
| Four Bedrooms | 12% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.85 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $94,600 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $422 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 54.60% |
| Debt Free | 37.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
