Magnolia, NJ Real Estate
According to census data in the year 2000 there were 1,821 housing units in Magnolia.
This represents a 1.7% decline from 1,852 in 1990.
Of those housing units, 1,821 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 76.6%.
Magnolia's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Magnolia were built after 1958.
|Housing Units by Size|
|Five Bedrooms or more||3.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.74|
|Median year structure was built||1956|
|Median Value of occupied units||$90,900|
|Median Price asked for vacant units||$101,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.11|
|Median year structure was built||1964|
|Median Monthly Rent asked for vacant units||$569|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||23.6%|