Malverne, NY


Highest Appreciating Malverne Neighborhoods Since 2000

Malverne, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Malverne Housing Market Information

With a population of 8,571, 3,156 total housing units (homes and apartments), and a median house value of $523,789, Malverne house prices are not only among the most expensive in New York, Malverne real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Malverne, accounting for 93.24% of the village's housing units. Other types of housing that are prevalent in Malverne include duplexes, homes converted to apartments or other small apartment buildings ( 3.55%), large apartment complexes or high rise apartments ( 2.93%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Malverne. Owner-occupied housing accounts for 93.07% of Malverne's homes, and 81.92% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Malverne's housing was primarily built during this period, from the '40s through the '60s. A full 48.33% of the village's housing hails from this era. Other housing ages represented in Malverne include homes built before 1939 ( 45.74%) and housing constructed between 1970-1999 ( 3.39%). There's also some housing in Malverne built between 2000 and later ( 2.53%).

Malverne Home Appreciation Rates

Real estate appreciation rates in Malverne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Malverne's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Malverne's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Malverne's latest annual appreciation rate is higher than 80% of the other cities and towns in New York.

Average Home Values


Median Home Value:


Value Range
> $1,142,000 0.5
$857,001 - $1,142,000 0.0
$571,001 - $857,000 22.8
$457,001 - $571,000 42.5
$343,001 - $457,000 26.9
$228,001 - $343,000 4.3
$114,001 - $228,000 1.0
$57,001 - $114,000 0.2
$0 - $57,000 1.8

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
5.27950310559006 14.9270482603816

Number Of Homes And Apartments:

Malverne Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
60.45% 2.78% 6 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,439 / per month

Homeownership Rate

Owners 93.07
Renters 6.93
Vacant 2.65

Housing Market Details


Age of Homes

2000 or Newer 2.5
1970 - 1999 3.4
1940 - 1969 48.3
1939 or Older 45.7

Types of Homes

Single-Family 93.2
Townhomes 0.0
Small Apt. Buildings 3.5
Apt. Complexes 2.9
Mobile Homes 0.3
Other 0.0

Home Size

No Bedroom 0.68
1 Bedroom 3.39
2 Bedrooms 9.59
3 Bedrooms 53.70
4 Bedrooms 28.22
5 or more bedrooms 4.41