Malvern, Pennsylvania Real Estate & Housing Market

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Malvern Housing Information

Index	Malvern	Pennsylvania	National
Median home price	$340,000	$167,700	$184,700
Median rent asked	$1,577	$859	$949
Avg. people per household	2.2	2.4	2.6
Owner occupied households	53.5%	69.0%	63.6%
Renter occupied households	46.5%	31.0%	36.4%

Above is a snapshot look at the real estate market in Malvern, PA. In Malvern, PA, the median house price is $340,000, making the price 103% higher than that the average for Pennsylvania. Therefore, the affordability of Malvern, PA area real estate is less affordable than the real estate in other areas of Pennsylvania. In addition, Malvern, PA has a median rent price of $1,577; this price is 84% higher than that the average rental price for Pennsylvania. 53.5% of residents in Malvern, PA are homeowners, and the average amount of people who reside in each home is 2.2. Malvern, PA has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Malvern, PA real estate for sale.

Malvern Home Affordability

When looking for real estate in Malvern, PA, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Malvern, PA, the median price of a home is $340,000 and $74,088 is the median household income. This means that the home price to income ratio is 4.6x, a ratio that is 50% higher than the average in Pennsylvania. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Malvern, PA will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Malvern, PA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Cheyney University, PA	663	$0	100%
Haverford College, PA	1,306	$0	100%
Prospect Park CDP, PA	224	$58,200	68%
Chester, PA	34,056	$66,800	64%
Darby, PA	10,677	$74,000	60%
Malvern, PA	3,343	$340,000	84%

Cities with similar population

City, State	Population	Home Price	National Avg.
West Point, NE	3,343	$109,400	41%
Sherwood, OH	3,342	$184,400	0%
Gosnell, AR	3,344	$83,300	55%
Loxahatchee Groves, FL	3,342	$283,100	53%
Eastlawn Gardens, PA	3,344	$236,900	28%
Malvern, PA	3,343	$340,000	84%

Source: The Malvern, PA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).