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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 $232,389, lower than the Ohio average of $236,816.
The average cost of rent is $837/mo in Malvern, primarily driven by the current value of real estate in the Malvern area. In Malvern, 32.69% of households rent, and 41.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malvern is $5,013 per month. Households that rent pay about 16.69% of their income on rent here. Malvern’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oneida, OH: less expensive homes
- Waynesburg, OH: less expensive homes
- New Harrisburg, OH: equally priced homes
- Morges, OH: less expensive homes
- Robertsville, OH: less expensive homes
- Minerva, OH: less expensive homes
- Pattersonville, OH: equally priced homes
- Magnolia, OH: less expensive homes
- Dellroy, OH: less expensive homes
- Howenstine, OH: less expensive homes
Cities with Similar Populations
- Priest River, ID: higher priced homes
- Lawrenceville, VA: less expensive homes
- Amite City, LA: less expensive homes
- Peru, NY: equally priced homes
- Gouldsboro, PA: less expensive homes
- Grant, MN: higher priced homes
- Granite Quarry, NC: equally priced homes
- Grangeville, ID: higher priced homes
- Grand Ridge, FL: less expensive homes
- Granby, CO: higher priced homes
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