Magnolia, MS Real Estate

According to census data in the year 2000 there were 895 housing units in Magnolia. This represents a 2.6% decline from 919 in 1990.

Of those housing units, 791 were located in either urbanized areas or urban clusters, and 104 were located in what is classified as a rural area.

Homeownership rate in Magnolia is about 70.5%. Magnolia's vacancy rate, including seasonal lodging, is about 17.1%. Average household size is 2.56 people.

The majority of houses, apartments or condos in Magnolia were built after 1967.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom7%
Two Bedrooms31.10%
Three Bedrooms47.60%
Four Bedrooms10.40%
Five Bedrooms or more3%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1964
Median Value of occupied units$48,000
Median Price asked for vacant units$35,800

Rented Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1974
Median Monthly Rent asked for vacant units$233

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan2.80%
Simple Mortgage42%
Debt Free51.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%