Home Price Key
Affordable
Average
Expensive
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 $163,891, lower than the Illinois average of $242,002.
The average cost of rent is $843/mo in Malta, primarily driven by the current value of real estate in the Malta area. While nearly 29.47% of residents own their homes outright in Malta, 28.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malta is $6,570 per month. Households that rent pay about 12.83% of their income on rent here. Malta's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
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