Much like the surrounding areas, it is a lot more expensive compared to the nation as a whole. Compared to the city of Philadelphia, it's a lot more expensive.
Home prices
The median home in Malvern costs $369,400. In comparison to its nearby areas this is is very similar.In comparison to the nation as a whole it is roughly $151,900 (69%) higher, and compared to the city of Philadelphia it is about $206,400 (126%) higher.
Rents
In Malvern the median rent is $1,688 a month. It is approximately $125 (7%) higher in comparison to other places in this area.It is roughly $626 (58%) higher compared to the US as a whole, and is roughly $646 (61%) higher in comparison to the city of Philadelphia.
Nearby places
Paoli
Paoli is Malvern's neighbor to the northeast. Its real estate prices are a bit less expensive. The median home in Paoli is valued at $344,600, which is $24,800 (7%) lower than Malvern. Rents there are a bit less expensive. Paoli's median monthly rent is $1,516, which comes out to $172 (11%) lower than Malvern.
Berwyn
Berwyn is roughly 3 miles east of Malvern. Its real estate prices are somewhat more expensive. The median home in Berwyn is valued at $475,200, which is $105,800 (22%) higher than Malvern. Rents there are a little less expensive. Berwyn's median rent is $1,351 per month, which is $337 (24%) lower than Malvern.
Chesterbrook
Chesterbrook is approximately 3 miles northeast of Malvern. Its housing prices are somewhat less expensive. The median home price in Chesterbrook is $323,000, which comes out to $46,400 (14%) lower than Malvern. Rents there are a bit more expensive. In Chesterbrook the median monthly rent is $1,832, which comes out to $144 (7%) higher than Malvern.
Exton
Exton is roughly 5 miles west of Malvern. Its real estate prices are pretty similar. The median home cost in Exton is $365,800, which is very similar to Malvern. Rent there is similar. The median rent in Exton is $1,641 a month, which works out to $47 (2%) lower than Malvern.
Lionville
Lionville is roughly 6 miles west from Malvern. The housing prices there are a bit less expensive. The price of the median home in Lionville is $327,400, which comes out to $42,000 (12%) lower than Malvern. Rents there are somewhat less expensive. The median rent in Lionville is $1,475 per month, which is $213 (14%) lower than Malvern.
