Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Malcolm area can be challenging. Home prices in Malcolm are now at a median cost of $159,544, lower than the Alabama average of $228,911.
The average cost of rent is $486/mo in Malcolm, primarily driven by the current value of real estate in the Malcolm area. In Malcolm, 7.20% of households rent, and 56.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malcolm is $6,082 per month. Households that rent pay about 8.00% of their income on rent here. Malcolm’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Calvert, AL: equally priced homes
- McIntosh, AL: equally priced homes
- Fairford, AL: higher priced homes
- Sims Chapel, AL: higher priced homes
- Hawthorn, AL: higher priced homes
- Tensaw, AL: equally priced homes
- Sunflower, AL: higher priced homes
- Mount Pleasant, AL: higher priced homes
- Little River, AL: equally priced homes
- Seaboard, AL: equally priced homes
Cities with Similar Populations
- Brunsville, IA: higher priced homes
- Wetzel, MI: equally priced homes
- Caney, AR: higher priced homes
- Camp Leach, NC: higher priced homes
- Burket, IN: equally priced homes
- Burdick, KY: equally priced homes
- Burdette, IA: less expensive homes
- Bunk Foss, WA: higher priced homes
- Bryantsville, KY: equally priced homes
- Wheeling, IN: higher priced homes
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