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Malvern

Learn about the people, housing, costs and businesses in Malvern, Alabama

Median Home$141,663
Median Rent$908/month
Population1,640
Leading IndustriesHealthcare · Transportation · Finance & Insurance21% healthcare
Home Value Growth⬆⬆+20.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Malvern
AL

Frequently Asked Questions

What are today's mortgage rates in Malvern?

As of today, the 30-year fixed mortgage rate for Malvern is approximately 7.020% (7.064% 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?

The median home value in Malvern is $142k. The median monthly rent is $908. Annual property taxes average $503. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Malvern?

Home values in Malvern have increased 20.9% 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?

Based on a typical all-in ownership cost of $906/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Malvern is $65k/year.

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What industries drive the economy in Malvern?

The largest employment sectors in Malvern are public administration (22%) and healthcare (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.