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These days, finding an affordable place to live in the Malvern area can be challenging. Home prices in Malvern are now at a median cost of $154,416, lower than the Alabama average of $228,911.
The average cost of rent is $862/mo in Malvern, primarily driven by the current value of real estate in the Malvern area. In Malvern, 17.49% of households rent, and 38.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malvern is $4,909 per month. Households that rent pay about 17.55% of their income on rent here. Malvern’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Slocomb, AL: higher priced homes
- Taylor, AL: equally priced homes
- Rehobeth, AL: higher priced homes
- Fadette, AL: higher priced homes
- Wicksburg, AL: higher priced homes
- Dothan, AL: higher priced homes
- Madrid, AL: higher priced homes
- State Line, AL: higher priced homes
- Hartford, AL: equally priced homes
- Newton, AL: higher priced homes
Cities with Similar Populations
- Smackover, AR: less expensive homes
- Groveton, NH: less expensive homes
- Kenvil, NJ: higher priced homes
- Kila, MT: higher priced homes
- West Hamlin, WV: less expensive homes
- Ventress, LA: higher priced homes
- Vardaman, MS: less expensive homes
- Tonalea, AZ: less expensive homes
- Lyerly, GA: less expensive homes
- Timpson, TX: less expensive homes
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