Magnolia, MN Real Estate
According to census data in the year 2000 there were 86 housing units in Magnolia.
This represents a 26.5% growth from 68 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 86 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 88.2%.
Magnolia's vacancy rate, including seasonal lodging, is about 20.9%.
Average household size is 3.18 people.
The majority of houses, apartments or condos in Magnolia were built after 1946.
|Housing Units by Size|
|Five Bedrooms or more||2.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.98|
|Median year structure was built||1946|
|Median Value of occupied units||$48,300|
|Median Price asked for vacant units||$32,500|
Rented Homes, Apartments and Condos
|Average Household Size||4.63|
|Median year structure was built||1945|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||11.7%|