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Malad

Learn about the people, housing, costs and businesses in Malad, Idaho

Median Home$272,000
Median Rent$859/month
Population2,402
Leading IndustriesHealthcare · Manufacturing · Wholesale Trade13% healthcare
Home Value Growth+2.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners88% of occupied units
NotableHighly Educated24% bachelor's · 13% graduate · top 21% nationally
NotableVeteran Community9% of residents · top 22% nationally
Malad City
ID

Frequently Asked Questions

What are today's mortgage rates in Malad?

As of today, the 30-year fixed mortgage rate for Malad is approximately 6.861% (6.896% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Malad?

The median home value in Malad is $272k. The median monthly rent is $859. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Malad?

Home values in Malad have increased 2.9% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Malad?

Based on a typical all-in ownership cost of $956/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Malad is $75k/year.

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What industries drive the economy in Malad?

The largest employment sectors in Malad are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.