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Malvern, IA
Full City Profile · Iowa · Mills County County
3.4
/5.0
B
Good
1,415
Population
890/sq mi density
$82,027
Median Income
$49,193 per capita
$173,900
Home Value
$238,640 Zillow
$843
Median Rent
16.9% income on rent
51°F
Avg Temperature
275 sunny days/yr
398
Violent Crime/100K
1,537 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$82,027 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$173,900 home value, $843/mo rent
F
Safety
1.0 / 5.0
398 violent crimes/100K (5% above avg)
B
Education
3.3 / 5.0
28.8% bachelor's degree or higher
Housing Overview
Median Home Value
$173,900
38% below
US avg: $281,900
Median Rent
$843/mo
28% below
US avg: $1,163/mo
Homeownership Rate
85.3%
30% above US avg (65.4%)
Total Housing Units
518
Median year built: 1953
Home Value by Source
Census Median
$173,900
Zillow (ZHVI)
$238,640
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.3%
Owner-Occupied
14.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$843/mo
Affordability & Housing Stock
Rent Burden
16.9%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
85.3%
Complete Housing Data
Home Values
| Census Median Value | $173,900 |
| Zillow Home Value (ZHVI) | $238,640 |
Rent
| Census Median Rent | $843 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 85.3% |
| Renter-Occupied | 14.7% |
| Homeownership Rate | 85.3% |
| Total Housing Units | 518 |
| Median Year Built | 1953 |
| Rent Burden | 16.9% |