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These days, finding an affordable place to live in the Malaga area can be challenging. Home prices in Malaga are now at a median cost of $196,731, lower than the Ohio average of $236,816.
The average cost of rent is $682/mo in Malaga, primarily driven by the current value of real estate in the Malaga area. In Malaga, 15.51% of households rent, and 57.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malaga is $5,273 per month. Households that rent pay about 12.93% of their income on rent here. Malaga’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jerusalem, OH: equally priced homes
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- Batesville, OH: less expensive homes
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- Hunter, OH: higher priced homes
- Barnesville, OH: less expensive homes
Cities with Similar Populations
- Ellsworth, NE: less expensive homes
- Epleys, KY: less expensive homes
- Enos, IL: equally priced homes
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- Emigrant Gap, CA: higher priced homes
- Emery Mill, TN: equally priced homes
- Emblem, WY: higher priced homes
- Ely, TX: higher priced homes
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