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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 $577,084, higher than the Pennsylvania average of $222,630.
The average cost of rent is $2,042/mo in Malvern, primarily driven by the current value of real estate in the Malvern area. While nearly 31.34% of residents own their homes outright in Malvern, 22.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Malvern is $12,625 per month. Households that rent pay about 16.17% of their income on rent here. Malvern's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Immaculata, PA: less expensive homes
- Paoli, PA: equally priced homes
- Uwchland, PA: equally priced homes
- Devault, PA: higher priced homes
- Berwyn, PA: equally priced homes
- Oaks, PA: less expensive homes
- Valley Forge, PA: less expensive homes
- Chesterbrook, PA: less expensive homes
- Exton, PA: less expensive homes
- Lionville, PA: less expensive homes
Cities with Similar Populations
- Hudson, WI: less expensive homes
- Sachse, TX: less expensive homes
- Madison Heights, MI: less expensive homes
- Logansport, IN: less expensive homes
- Lebanon, OR: less expensive homes
- Lapeer, MI: less expensive homes
- Lakeside, FL: less expensive homes
- Lake St. Louis, MO: less expensive homes
- Kirkwood, MO: less expensive homes
- King of Prussia, PA: less expensive homes
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