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Malden

Learn about the people, housing, costs and businesses in Malden, Illinois

Median Home$121,000
Median Rent$975/month
Population337
Leading IndustriesPublic Administration · Professional Services33% public administration
Home Value Growth+6.2% over 2 years
Young Adults51% of residentstop 1% nationally
Homeowners74% of occupied units
NotableTransit90/100 · excellent transit access
Malden
IL

Frequently Asked Questions

What are today's mortgage rates in Malden?

As of today, the 30-year fixed mortgage rate for Malden is approximately 6.987% (6.996% 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 Malden?

The median home value in Malden is $121k. The median monthly rent is $975. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Malden?

Home values in Malden have increased 6.2% over the past two years. This represents moderate growth. 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 Malden?

Based on a typical all-in ownership cost of $930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Malden is $58k/year.

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What industries drive the economy in Malden?

The largest employment sectors in Malden are public administration (33%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.