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Affordable
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These days, finding an affordable place to live in the Malverne area can be challenging. Home prices in Malverne are now at a median cost of $639,589, higher than the New York average of $610,895.
The average cost of rent is $2,006/mo in Malverne, primarily driven by the current value of real estate in the Malverne area. In Malverne, 3.29% of households rent, and 38.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Malverne is $12,571 per month. Households that rent pay about 15.96% of their income on rent here. Malverne’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lynbrook, NY: equally priced homes
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- North Valley Stream, NY: equally priced homes
- Rockville Centre, NY: higher priced homes
- Valley Stream, NY: equally priced homes
- East Rockaway, NY: equally priced homes
- Elmont, NY: equally priced homes
- Hewlett, NY: equally priced homes
- Hewlett Harbor, NY: higher priced homes
Cities with Similar Populations
- Denison, IA: less expensive homes
- Titusville, PA: less expensive homes
- Tipton, IN: less expensive homes
- Thornville, OH: less expensive homes
- Thermalito, CA: less expensive homes
- Temple, PA: less expensive homes
- Tazewell, TN: less expensive homes
- Sturgis, SD: less expensive homes
- Devils Lake, ND: less expensive homes
- Des Peres, MO: equally priced homes
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