Malvern, AL Real Estate
According to census data in the year 2000 there were 557 housing units in Malvern.
This represents a 140.1% growth from 232 in 1990.
Of those housing units, 9 were located in either urbanized areas or urban clusters, and 548 were located in what is classified as a rural area.
Homeownership rate in Malvern is about 83.7%.
Malvern's vacancy rate, including seasonal lodging, is about 12.9%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Malvern were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 4.50% |
| Two Bedrooms | 26.90% |
| Three Bedrooms | 59.20% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $65,800 |
| Median Price asked for vacant units | $71,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 9% |
| Simple Mortgage | 63.70% |
| Debt Free | 24.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
