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Magnolia borough, NJ

ZIP 08049 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08049

Median Home Value
$227,300
Median Rent
$1,126
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,460/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08049 in Magnolia borough, NJ, a household would need roughly $63,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,460. That sits below the local median household income ($94,567), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
75.7%+16% vs US avg
x
Vacancy Rate
5.8%-44% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
0.8%-94% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
22.1%-56% vs US avg
x
Mortgage-Free
28.4%-26% vs US avg
x
$227,300
Home Value
$1,126
Rent
1961
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.2%
  • 1-unit attached0.0%
  • 2-9 units4.9%
  • 10+ units16.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$227,300
Median rent$1,126
Owner-occupied75.7%
Vacant5.8%
Price-to-income2.4x
Est. income to buy$63,000