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Elwood-Magnolia, NJ Real Estate


According to census data in the year 2000 there were 455 housing units in Elwood-Magnolia. This represents a 3% decline from 469 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 455 were located in what is classified as a rural area.

Homeownership rate in Elwood-Magnolia is about 89.6%. Elwood-Magnolia's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 3.21 people.

The majority of houses, apartments or condos in Elwood-Magnolia were built after 1962.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom13.20%
Two Bedrooms15.20%
Three Bedrooms54.10%
Four Bedrooms15.60%
Five Bedrooms or more2%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.29
Median year structure was built1961
Median Value of occupied units$79,300
Median Price asked for vacant units$87,500

Rented Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1968

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage15%
Home Equity Loan15.20%
Simple Mortgage43.90%
Debt Free25.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs24%