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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 $202,145, lower than the Texas average of $322,096.
The average cost of rent is $832/mo in Malta, primarily driven by the current value of real estate in the Malta area. In Malta, 13.95% of households rent, and 59.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malta is $6,531 per month. Households that rent pay about 12.74% of their income on rent here. Malta’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Boston, TX: less expensive homes
- Old Boston, TX: equally priced homes
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- College Hill, TX: less expensive homes
- DeKalb, TX: less expensive homes
- Smith Hill, TX: less expensive homes
- Simms, TX: less expensive homes
- Old Union, TX: less expensive homes
- Burns, TX: less expensive homes
- Corley, TX: equally priced homes
Cities with Similar Populations
- Badin, NC: equally priced homes
- Belvedere, CA: higher priced homes
- Bethany Beach, DE: higher priced homes
- Jacobus, PA: higher priced homes
- Wright, WY: higher priced homes
- Lapwai, ID: higher priced homes
- Lipscomb, AL: less expensive homes
- Mayer, AZ: higher priced homes
- Nashua, IA: less expensive homes
- Nunnelly, TN: equally priced homes
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