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Magnolia, NC Real Estate


According to census data in the year 2000 there were 368 housing units in Magnolia. This represents a 15.4% growth from 319 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 368 were located in what is classified as a rural area.

Homeownership rate in Magnolia is about 56.6%. Magnolia's vacancy rate, including seasonal lodging, is about 9.2%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Magnolia were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom15.20%
Two Bedrooms28.30%
Three Bedrooms47.60%
Four Bedrooms6.30%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.43
Median year structure was built1972
Median Value of occupied units$60,300

Rented Homes, Apartments and Condos

Average Household Size3.01
Median year structure was built1983
Median Monthly Rent asked for vacant units$99

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan1.60%
Simple Mortgage45.50%
Debt Free48.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.4%