Magnolia, AR Real Estate
According to census data in the year 2000 there were 4,801 housing units in Magnolia.
This represents a 2.4% growth from 4,689 in 1990.
Of those housing units, 4,608 were located in either urbanized areas or urban clusters, and 193 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 57.5%.
Magnolia's vacancy rate, including seasonal lodging, is about 13%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Magnolia were built after 1966.
|Housing Units by Size|
|Five Bedrooms or more||1.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.51|
|Median year structure was built||1965|
|Median Value of occupied units||$62,900|
|Median Price asked for vacant units||$28,800|
Rented Homes, Apartments and Condos
|Average Household Size||2.09|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$266|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.9%|