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Affordable
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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 $226,463, higher than the Iowa average of $226,062.
The average cost of rent is $847/mo in Malvern, primarily driven by the current value of real estate in the Malvern area. In Malvern, 14.25% of households rent, and 36.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malvern is $7,740 per month. Households that rent pay about 10.94% of their income on rent here. Malvern’s most expensive areas are in the western 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
- Hastings, IA: less expensive homes
- Strahan, IA: less expensive homes
- Silver City, IA: higher priced homes
- Glenwood, IA: equally priced homes
- Tabor, IA: higher priced homes
- Emerson, IA: less expensive homes
- Randolph, IA: equally priced homes
- Pacific Junction, IA: higher priced homes
- Bartlett, IA: higher priced homes
- Henderson, IA: equally priced homes
Cities with Similar Populations
- Bear Creek, AL: less expensive homes
- Bell Acres, PA: higher priced homes
- Bement, IL: less expensive homes
- Bolingbroke, GA: higher priced homes
- Boyd, WI: equally priced homes
- Brightwood, VA: higher priced homes
- Craig South Highlands, CO: higher priced homes
- Rudolph, WI: less expensive homes
- Plains, GA: less expensive homes
- Pleasant City, OH: less expensive homes
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