Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs |
|---|---|
| Avg HH Size | 2.77 |
| Below Poverty | 4.7% ▼ 53% below avg |
| College Grads | 49.1% ▲ 27% above avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 9 (0.7%) |
| HS Graduate | 265 (21.7%) |
| Some College | 177 (14.5%) |
| Associates | 170 (13.9%) |
| Bachelors | 223 (18.3%) |
| Graduate Degree | 375 (30.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,218 ▲ 8% above avg |
|---|---|
| Median Home Value | $184,300 ▼ 34% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $867/mo |
| Total Housing Units | 757 |
| Vacant Units | 99 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Malvern is a city in Iowa, located in Mills County. The city spans 1 ZIP code and is home to approximately 1,877 residents. It is a middle-aged city, with a median age of 42 years.
Economically, Malvern is a middle-income community. The median household income of $82,218 is near the national average. Approximately 4.7% of residents live below the poverty line. The unemployment rate is 4.2%, near the national average.
The real estate market in Malvern is an affordable housing market. Median home values stand at $184,300, which is below the national average. Renters typically pay around $867 per month. Homeownership is high at 87.1%, typical of suburban and family-oriented communities.
The population of Malvern is well-educated. 49.1% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (96.38%).
Malvern, IA offers residents above-average earning potential within Iowa.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 51551 | 1,877 | $82,218 | $184,300 | $867 | 4.2% | 49.1% | 87.1% |