Magnolia, TX Real Estate
According to census data in the year 2000 there were 500 housing units in Magnolia.
This represents a 37.7% growth from 363 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 500 were located in what is classified as a rural area.
Homeownership rate in Magnolia is about 72.5%.
Magnolia's vacancy rate, including seasonal lodging, is about 15%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Magnolia were built after 1982.
|Housing Units by Size|
|Five Bedrooms or more||2%|
Owned Homes, Apartments and Condos
|Average Household Size||2.85|
|Median year structure was built||1981|
|Median Value of occupied units||$94,600|
|Median Price asked for vacant units||$112,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.74|
|Median year structure was built||1982|
|Median Monthly Rent asked for vacant units||$422|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.4%|