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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 $327,994, higher than the Nebraska average of $252,353.
The average cost of rent is $945/mo in Malmo, primarily driven by the current value of real estate in the Malmo area. In Malmo, 3.72% of households rent, and 43.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malmo is $9,352 per month. Households that rent pay about 10.10% of their income on rent here. Malmo’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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