The Most Affordable Neighborhoods in Malverne, NY by Home Value

 

Malverne, NY Map of Most Affordable Neighborhoods
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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 $535,576, higher than the New York average of $481,023.

The average cost of rent is $1,818/mo in Malverne, primarily driven by the current value of real estate in the Malverne area. While nearly 39.83% of residents own their homes outright in Malverne, 2.94% rent.

Housing affordability isn’t just about home prices, though. The average household income in Malverne is $12,195 per month. Households that rent pay about 14.91% of their income on rent here. Malverne's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.


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