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 Size

Housing Units by Size
Studio Type1.90%
One Bedroom13.90%
Two Bedrooms18.10%
Three Bedrooms51.70%
Four Bedrooms11.30%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1956
Median Value of occupied units$90,900
Median Price asked for vacant units$101,700

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1964
Median Monthly Rent asked for vacant units$569

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10%
Home Equity Loan7.20%
Simple Mortgage51.70%
Debt Free31.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.6%