The Most Affordable Neighborhoods in Malone, TX by Home Value

 

Malone, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Malone area can be challenging. Home prices in Malone are now at a median cost of $106,063, lower than the Texas average of $235,268.

The average cost of rent is $835/mo in Malone, primarily driven by the current value of real estate in the Malone area. While nearly 68.35% of residents own their homes outright in Malone, 17.95% rent.

Housing affordability isn’t just about home prices, though. The average household income in Malone is $4,478 per month. Households that rent pay about 18.64% of their income on rent here. Malone's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.


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