The Most Affordable Neighborhoods in Bowdoin Apartments, Malden, MA by Home Value

 

Bowdoin Apartments, Malden, MA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bowdoin Apartments area can be challenging. Home prices in Bowdoin Apartments are now at a median cost of $723,491, higher than the Malden average of $643,898.

The average cost of rent is $2,215/mo in Bowdoin Apartments, primarily driven by the current value of real estate in the Bowdoin Apartments area. In Bowdoin Apartments, 56.11% of households rent, and 27.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Bowdoin Apartments is $8,167 per month. Households that rent pay about 27.12% of their income on rent here. Bowdoin Apartments’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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