Similar to its surrounding areas, it is substantially more expensive compared to the United States as a whole. Compared to the city of New York however, it is a little less expensive.
Home prices
The median home value in Malverne is $465,200. It is approximately $16,160 (3%) lower compared to its surrounding areas.It is roughly $247,700 (113%) higher compared to the entire nation, and compared to the city of New York it is approximately $140,800 (23%) lower.
Rents
Malverne's median rent is $1,745 a month. Compared to its surrounding areas this is is very similar.It is roughly $683 (64%) higher in comparison to the rest of the nation, and compared to the city of New York is about $302 (20%) higher.
Nearby places
Lynbrook
Lynbrook is Malverne's neighbor to the south. Real estate prices there are pretty similar. Lynbrook's median home value is $454,100, which comes out to $11,100 (2%) lower than Malverne. Its rents are pretty similar. Lynbrook's median rent is $1,735 per month, which is very similar to Malverne.
Valley Stream
Valley Stream is Malverne's neighbor to the southwest. Its real estate prices are a bit less expensive. The median home in Valley Stream is valued at $427,100, which works out to $38,100 (8%) lower than Malverne. The rent there is pretty similar. In Valley Stream the median rent is $1,728 a month, which is very similar to Malverne.
North Valley Stream
North Valley Stream is Malverne's neighbor to the west. Its real estate prices are a little less expensive. The median home in North Valley Stream is valued at $412,600, which works out to $52,600 (12%) lower than Malverne. The rent there is fairly similar. In North Valley Stream the median monthly rent is $1,781, which is $36 (2%) higher than Malverne.
Rockville Centre
Rockville Centre is about 1 mile southeast from Malverne. Its real estate prices are somewhat more expensive. Rockville Centre's median home cost is $651,700, which works out to $186,500 (28%) higher than Malverne. Its rents are a bit less expensive. The median rent in Rockville Centre is $1,622 per month, which is $123 (7%) lower than Malverne.
West Hempstead
West Hempstead is roughly 1 mile northeast from Malverne. Its real estate prices are similar. The median home in West Hempstead is valued at $461,300, which is very similar to Malverne. The rent there is somewhat more expensive. West Hempstead's median rent is $1,923 a month, which works out to $178 (9%) higher than Malverne.
