Home prices
The value of the median home in Malden is $401,900. It is about $38,400 (8%) lower compared to its nearby areas.It is roughly $184,400 (84%) higher compared to the rest of the nation, and compared to the city of Boston is about $130,800 (24%) lower.
Rents
Malden's median monthly rent is $1,577. It is approximately $52 (3%) higher compared to other places in this area.It is about $515 (48%) higher compared to the rest of the country, and in comparison to the city of Boston is roughly $43 (2%) lower.
Nearby places
Everett
Everett is Malden's neighbor to the south. Its real estate prices are pretty similar. The cost of the median home in Everett is $405,800, which is very similar to Malden. The rent there is a bit less expensive. The median rent in Everett is $1,454 per month, which works out to $123 (8%) lower than Malden.
Melrose
Melrose is Malden's neighbor to the north. Its housing prices are a bit more expensive. The median home price in Melrose is $570,300, which comes out to $168,400 (29%) higher than Malden. Rents there are fairly similar. The median monthly rent in Melrose is $1,516, which comes out to $61 (4%) lower than Malden.
Medford
Medford is Malden's neighbor to the west. Its real estate prices are a bit more expensive. The cost of the median home in Medford is $500,800, which comes out to $98,900 (19%) higher than Malden. Its rents are a little more expensive. In Medford the median rent is $1,817 a month, which is $240 (13%) higher than Malden.
Revere
Revere is Malden's neighbor to the east. Its real estate prices are somewhat less expensive. The median home in Revere is valued at $373,800, which is $28,100 (7%) lower than Malden. Rents there are a little less expensive. The median rent in Revere is $1,419 a month, which comes out to $158 (11%) lower than Malden.
Chelsea
Chelsea is about 2 miles southeast from Malden. Housing prices there are somewhat less expensive. The cost of the median home in Chelsea is $350,800, which works out to $51,100 (14%) lower than Malden. The rent there is somewhat less expensive. In Chelsea the median rent is $1,419 per month, which is $158 (11%) lower than Malden.
