Magnolia, IL Real Estate
According to census data in the year 2000 there were 114 housing units in Magnolia.
This represents a 6.5% growth from 107 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 114 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 87.4%.
Magnolia's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.87 people.
The majority of houses, apartments or condos in Magnolia were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.50% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 29.80% |
| Four Bedrooms | 25.40% |
| Five Bedrooms or more | 9.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $55,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.20% |
| Home Equity Loan | 0% |
| Simple Mortgage | 65.60% |
| Debt Free | 32.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
