Malvern, AL is a great place to invest in real estate due to its relatively low housing median value of $152,000. Although this is significantly lower than the US House median value of $338,100, investors can still benefit from the one year house appreciation rate of 10.93%, which is higher than the national average of 8.27%. With such favorable returns on investment in Malvern, AL, it's no wonder why many people are looking to purchase property here.
The median home cost in Malvern is $152,000. Home appreciation the last 10 years has been 42.4%. Home Appreciation in Malvern is up 12.8%.
Average Age of Homes
- The median age of Malvern real estate is 26 years old
The Rental Market in Malvern
- Renters make up 20.1% of the Malvern population
- 1.4% of houses and apartments in Malvern, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.