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Magnolia, OH Real Estate


According to census data in the year 2000 there were 411 housing units in Magnolia. This represents a 7% growth from 384 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 411 were located in what is classified as a rural area.

Homeownership rate in Magnolia is about 74.7%. Magnolia's vacancy rate, including seasonal lodging, is about 7.5%. Average household size is 2.59 people.

The majority of houses, apartments or condos in Magnolia were built after 1945.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.30%
Two Bedrooms22.60%
Three Bedrooms46.70%
Four Bedrooms22.10%
Five Bedrooms or more1.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1949
Median Value of occupied units$91,000
Median Price asked for vacant units$87,500

Rented Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1939
Median Monthly Rent asked for vacant units$381

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.70%
Home Equity Loan11.70%
Simple Mortgage41.70%
Debt Free40.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.6%