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 Size

Housing Units by Size
Studio Type1.20%
One Bedroom11.20%
Two Bedrooms29.40%
Three Bedrooms44.20%
Four Bedrooms12%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1981
Median Value of occupied units$94,600
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.74
Median year structure was built1982
Median Monthly Rent asked for vacant units$422

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.30%
Home Equity Loan2.70%
Simple Mortgage54.60%
Debt Free37.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%