Magna, UT Real Estate
According to census data in the year 2000 there were 6,794 housing units in Magna.
This represents a 22.8% growth from 5,534 in 1990.
Of those housing units, 6,759 were located in either urbanized areas or urban clusters, and 35 were located in what is classified as a rural area.
Homeownership rate in Magna is about 85.4%.
Magna's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 3.47 people.
The majority of houses, apartments or condos in Magna were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 7% |
| Two Bedrooms | 21% |
| Three Bedrooms | 35.30% |
| Four Bedrooms | 28.70% |
| Five Bedrooms or more | 7.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.54 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $113,600 |
| Median Price asked for vacant units | $93,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.03 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $443 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 16.30% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 62.50% |
| Debt Free | 15.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.8% |
