The housing market in Malden, IL is fairly stable and affordable compared to the national average. The median value of a home in Malden is $94,600 which is significantly lower than the US median value of $338,100. In recent years, the nationwide house appreciation rate has been 8.27%, but for Malden it has been 6.44%. This indicates that the housing market in Malden is somewhat slower than other areas across the country, but still consistent and growing.
The median home cost in Malden is $94,600. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Malden is up 8.8%.
Average Age of Homes
- The median age of Malden real estate is 46 years old
The Rental Market in Malden
- Renters make up 21.7% of the Malden population
- 0.0% of houses and apartments in Malden, 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.