Home Price Key
Affordable
Average
Expensive
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 $166,107, lower than the Iowa average of $182,666.
The average cost of rent is $963/mo in Malvern, primarily driven by the current value of real estate in the Malvern area. While nearly 26.90% of residents own their homes outright in Malvern, 18.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malvern is $6,863 per month. Households that rent pay about 14.04% of their income on rent here. Malvern's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Hastings, IA: less expensive homes
- Strahan, IA: equally priced homes
- Silver City, IA: higher priced homes
- Glenwood, IA: higher 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: less expensive 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: equally priced homes
- Plains, GA: less expensive homes
- Pleasant City, OH: less expensive homes
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