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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 3,445, 1,516 total housing units (homes and apartments), and a median house value of $447,044, Malvern house prices are not only among the most expensive in Pennsylvania, Malvern 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 Malvern, accounting for 32.51% of the borough's housing units. Other types of housing that are prevalent in Malvern include large apartment complexes or high rise apartments ( 30.12%), row houses and other attached homes ( 29.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.95%).
The most prevalent building size and type in Malvern are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 56.86% owning and 43.14% renting.
There is a lot of housing in Malvern built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Malvern built before 1939 ( 24.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.75%). There's also some housing in Malvern built between 2000 and later ( 15.64%).
Appreciation rates for homes in Malvern have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 31.68%, which ranks in the top 50% nationwide. This equates to an annual average Malvern house appreciation rate of 2.79%.
NeighborhoodScout's data show that during the latest twelve months, Malvern's appreciation rate, at 5.82%, has been at or slightly above the national average. In the latest quarter, Malvern's appreciation rate has been 1.50%, which annualizes to a rate of 6.15%.
Relative to Pennsylvania, our data show that Malvern's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within Malvern differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Malvern - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Malvern real estate investment or home purchase decisions.
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Malvern HOMES|
|2000 or Newer||15.6|
|1970 - 1999||38.7|
|1940 - 1969||20.7|
|1939 or Older||25.0|
|TYPE OF Malvern HOMES|
|Small Apt. Buildings||8.0|
|SIZE OF Malvern HOMES|
|5 or more bedrooms||2.26|