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Malo

Learn about the people, housing, costs and businesses in Malo, Washington

Median Home$300,939
Median Rent$724/month
Population33
Leading IndustriesPublic Administration · Manufacturing · Construction37% public administration
Home Value Growth⬆⬆+14.3% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners80% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Malo
WA

Frequently Asked Questions

What are today's mortgage rates in Malo?

As of today, the 30-year fixed mortgage rate for Malo is approximately 6.852% (6.887% 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 Malo?

The median home value in Malo is $301k. The median monthly rent is $724. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Malo?

Home values in Malo have increased 14.3% over the past two years. This indicates a strong appreciation trend. 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 Malo?

Based on a typical all-in ownership cost of $753/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Malo is $58k/year.

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What industries drive the economy in Malo?

The largest employment sectors in Malo are public administration (37%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.