Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Malden area can be challenging. Home prices in Malden are now at a median cost of $501,515, higher than the Massachusetts average of $477,554.
The average cost of rent is $1,830/mo in Malden, primarily driven by the current value of real estate in the Malden area. While nearly 36.27% of residents own their homes outright in Malden, 56.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malden is $6,974 per month. Households that rent pay about 26.24% of their income on rent here. Malden's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Everett, MA: equally priced homes
- Melrose, MA: higher priced homes
- Medford, MA: higher priced homes
- Chelsea, MA: less expensive homes
- Revere, MA: less expensive homes
- Saugus, MA: less expensive homes
- Somerville, MA: higher priced homes
- Charlestown, MA: higher priced homes
- Stoneham, MA: equally priced homes
- Winchester, MA: higher priced homes
Cities with Similar Populations
- Kenner, LA: less expensive homes
- Bellevue, NE: less expensive homes
- West Des Moines, IA: less expensive homes
- Laveen, AZ: less expensive homes
- DeLand, FL: less expensive homes
- Clermont, FL: less expensive homes
- Easley, SC: less expensive homes
- Shawnee, KS: less expensive homes
- Harrisonburg, VA: less expensive homes
- Biloxi, MS: less expensive homes
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