Similar to other places in this area, it's substantially less expensive compared to the nation as a whole. It's significantly less expensive compared to the city of Dothan.
Home prices
The median home in Malvern is valued at $94,300. This is approximately $2,580 (2%) lower compared to nearby areas.Compared to the rest of the country it is about $123,200 (56%) lower, and compared to the city of Dothan it is roughly $56,400 (37%) lower.
Rents
In Malvern the median monthly rent is $657. In comparison to its surrounding areas it is about $98 (13%) lower.It is approximately $405 (38%) lower in comparison to the US as a whole, and is roughly $94 (12%) lower in comparison to the city of Dothan.
Nearby places
Taylor
Taylor is Malvern's neighbor to the northeast. Real estate prices there are pretty similar. The median home price in Taylor is $96,100, which comes out to $1,800 (1%) higher than Malvern. Its rents are somewhat more expensive. In Taylor the median rent is $898 a month, which works out to $241 (26%) higher than Malvern.
Rehobeth
Rehobeth is roughly 4 miles east from Malvern. Housing prices there are a lot more expensive. The median home in Rehobeth costs $148,200, which comes out to $53,900 (36%) higher than Malvern. Rents there are somewhat more expensive. In Rehobeth the median monthly rent is $847, which comes out to $190 (22%) higher than Malvern.
Slocomb
Slocomb is roughly 4 miles southwest from Malvern. The real estate prices there are substantially less expensive. The value of the median home in Slocomb is $68,000, which comes out to $26,300 (38%) lower than Malvern. The rent there is a bit more expensive. In Slocomb the median monthly rent is $735, which is $78 (10%) higher than Malvern.
Hartford
Hartford is about 9 miles west of Malvern. Its housing prices are pretty similar. The median home in Hartford costs $92,100, which is $2,200 (2%) lower than Malvern. Rent there is fairly similar. The median monthly rent in Hartford is $654, which is very similar to Malvern.
Madrid
Madrid is roughly 10 miles southeast of Malvern. Real estate prices there are somewhat less expensive. The price of the median home in Madrid is $80,000, which comes out to $14,300 (17%) lower than Malvern. Rent there is similar. Madrid's median rent is $643 per month, which comes out to $14 (2%) lower than Malvern.
