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 Size

Housing Units by Size
Studio Type0%
One Bedroom7%
Two Bedrooms11.60%
Three Bedrooms59.30%
Four Bedrooms19.80%
Five Bedrooms or more2.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.98
Median year structure was built1946
Median Value of occupied units$48,300
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size4.63
Median year structure was built1945

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan7.40%
Simple Mortgage37%
Debt Free55.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs11.7%