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These days, finding an affordable place to live in the Malta area can be challenging. Home prices in Malta are now at a median cost of $208,640, lower than the Illinois average of $300,242.
The average cost of rent is $901/mo in Malta, primarily driven by the current value of real estate in the Malta area. In Malta, 25.87% of households rent, and 26.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malta is $7,213 per month. Households that rent pay about 12.49% of their income on rent here. Malta’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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