Most Expensive Malden Neighborhoods
Malden is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Massachusetts. With a population of 60,859 people and 11 constituent neighborhoods, Malden is the 17th largest community in Massachusetts. Much of the housing stock in Malden was built prior to World War II, making it one of the older and more historic cities in the country.
Housing costs in Malden are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Massachusetts.
Malden is a decidedly white-collar city, with fully 85.13% of the workforce employed in white-collar jobs, well above the national average. Overall, Malden is a city of service providers, sales and office workers and professionals. There are especially a lot of people living in Malden who work in office and administrative support (14.39%), sales jobs (9.34%) and management occupations (8.95%).
Also of interest is that Malden has more people living here who work in computers and math than 95% of the places in the US.
Another interesting thing about Malden, despite not being a huge city, is that there is a relatively high proportion of people living here who are young, single, and upwardly-mobile professionals. This makes it a good choice for other relocating single professionals. Here, these young singles will find many others like themselves, with opportunities for friendships, socializing, romance, and fun.
Malden is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
In Malden, however, the average commute to work is quite long. On average, people spend 35.09 minutes each day getting to work, which is significantly higher than the national average. One bright side is that local public transit is widely used, so it may be an option to avoid the headache of driving in the heavy traffic by leaving the car at home and taking transit. In addition, the city is also quite pedestrian-friendly, because many neighborhoods are very dense and have amenities close enough together that people find it feasible to get around on foot.
For the size of the city, public transportation in Malden is quite heavily used. Mostly, people who use it for their daily commute are taking the subway. For Malden, the benefits are reduced air pollution and congestion on the highways.
The overall education level of Malden citizens is substantially higher than the typical US community, as 31.69% of adults in Malden have at least a bachelor's degree, and the average American community has 21.84%.
The per capita income in Malden in 2010 was $26,760, which is low income relative to Massachusetts, and upper middle income relative to the rest of the US. This equates to an annual income of $107,040 for a family of four. However, Malden contains both very wealthy and poor people as well.
Malden is an extremely ethnically-diverse city. The people who call Malden home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Malden residents report their race to be White, followed by Asian. Malden also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 11.12% of the city’s residents. Important ancestries of people in Malden include Irish, Italian, Haitian, Brazilian, English and German.
Malden also has a high percentage of its population that was born in another country: 42.37%.
The languages spoken by people in Malden are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in Malden is English. Other important languages spoken here include Chinese, Spanish, Portuguese and French Creole.
|NUMBER OF HOMES AND APARTMENTS||22,851|
|MALDEN HOME OWNERSHIP|
|% OWNER OCCUPIED||41.18%|
|% RENTER OCCUPIED||58.82%|
|TYPE OF MALDEN HOMES|
|SINGLE FAMILY DETACHED||24.60%|
|ROWHOUSES AND ATTACHED HOMES||9.40%|
|SMALL APARTMENT BUILDINGS||32.06%|
|COMPLEXES OR HIGH RISE APARTMENTS||33.43%|
|SIZE OF MALDEN HOMES|
|5 OR MORE BEDROOMS||4.78%|
|AGE OF MALDEN HOMES|
|NEWER HOMES (2000 OR LATER)||6.90%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||22.95%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||19.38%|
|HISTORIC (1939 OR BEFORE)||50.77%|
|MALDEN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$380,687|
|MEDIAN RENTAL PRICE||$1,606|
|HOME VALUE RANGE|
|$0 - $58,000||2.66%|
|$58,001 - $117,000||1.06%|
|$117,001 - $234,000||10.03%|
|$234,001 - $350,000||26.07%|
|$350,001 - $467,000||35.39%|
|$467,001 - $584,000||17.80%|
|$584,001 - $876,000||5.50%|
|$876,001 - $1,168,000||0.84%|
|PEOPLE OF MALDEN||DETAILS|
|UNDER 5 YEARS||5.64%|
|5 TO 17||13.42%|
|18 TO 24||10.96%|
|25 TO 34||18.85%|
|35 TO 54||29.19%|
|55 TO 64||11.00%|
|65 YEARS AND OVER||10.95%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||84.98%|
|MEDIAN HOUSEHOLD INCOME||$55,523|
|PER CAPITA INCOME||$26,760|
|INDIVIDUALS BELOW POVERTY LEVEL||16.79%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (18.06%)
Professional, scientific, and technical services (10.14%)
Public Service (4.09%)
Information Technology (2.27%)
Real estate (2.03%)
|BLACK OR AFRICAN AMERICAN||13.21%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.24%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||2.42%|
|TWO OR MORE RACES||4.38%|
|HISPANIC OR LATINO (OF ANY RACE)||11.12%|
|ETHNICITIES PRESENT||Irish (14.48%)
|LANGUAGES SPOKEN||English (48.93%)
French Creole (5.47%)
Other Asian languages (1.26%)
African languages (1.05%)
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