Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Malmo area can be challenging. Home prices in Malmo are now at a median cost of $216,171, lower than the Minnesota average of $269,934.
The average cost of rent is $1,013/mo in Malmo, primarily driven by the current value of real estate in the Malmo area. While nearly 51.53% of residents own their homes outright in Malmo, 8.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malmo is $4,116 per month. Households that rent pay about 24.62% of their income on rent here. Malmo's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Isle, MN: equally priced homes
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- Thor, MN: equally priced homes
- McGrath, MN: less expensive homes
- Wahkon, MN: equally priced homes
- Bennettville, MN: higher priced homes
- Little Pine, MN: equally priced homes
- Rossburg, MN: equally priced homes
Cities with Similar Populations
- Waldwick, WI: equally priced homes
- Cleveland, IN: less expensive homes
- Cliff, NM: less expensive homes
- Climbing Hill, IA: equally priced homes
- Close City, TX: less expensive homes
- Clover, ID: less expensive homes
- Collins, TN: less expensive homes
- Concord, IL: less expensive homes
- Coral, PA: less expensive homes
- Correll, MN: less expensive homes
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