The Most Affordable Neighborhoods in Malba, Queens, NY by Home Value

 

Malba, Queens, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Malba area can be challenging. Home prices in Malba are now at a median cost of $891,483, higher than the Queens average of $640,998.

The average cost of rent is $2,084/mo in Malba, primarily driven by the current value of real estate in the Malba area. While nearly 48.91% of residents own their homes outright in Malba, 36.19% rent.

Housing affordability isn’t just about home prices, though. The average household income in Malba is $6,032 per month. Households that rent pay about 34.55% of their income on rent here. Malba's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the neighborhood.


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