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Malvern Special

Learn about the people, housing, costs and businesses in Malvern Special, Arkansas

Median Home$332,981
Median Rent$1,119/month
Population65,675
Leading IndustriesManufacturing · Professional Services1% manufacturing
Home Value Growth⬆⬆+17.9% over 2 years
Retirees21% of residentsnear the national average
Homeowners71% of occupied units
Malvern Special
AR

Frequently Asked Questions

What are today's mortgage rates in Malvern Special?

As of today, the 30-year fixed mortgage rate for Malvern Special is approximately 6.949% (6.987% 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 Malvern Special?

The median home value in Malvern Special is $333k. The median monthly rent is $1,119. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Malvern Special?

Home values in Malvern Special have increased 17.9% 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 Malvern Special?

Based on a typical all-in ownership cost of $1,245/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Malvern Special is $84k/year.

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What industries drive the economy in Malvern Special?

The largest employment sectors in Malvern Special are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.