Malden, Massachusetts Housing Market Prices
Malden Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 13% above the Massachusetts median$556,837
-
Median rent 25% above the Massachusetts median$2,203
Housing Market Overview
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $556,837 | $494,523 | $248,835 |
| Price Trend (Annual %) | 16.0% | 6.6% | 7.5% |
| Median Gross Rent | $2,203 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Malden is about 13% higher than in Massachusetts. Rent is about 25% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Malden, up about 16.0% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Malden rose about 71.3% between 2015 and 2024, from $1,286 to $2,203. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Malden.
Buying the median-priced home in Malden costs roughly 21.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Malden. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $556,837 | $494,523 | $248,835 |
| Median Household Income | $100,648 | $104,336 | $80,455 |
| Price-to-Income Ratio | 5.5 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Malden rose about 121.9%, while median household income rose about 68.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 38.6% | 57.5% | 58.5% |
| Rental Rate | 54.9% | 34.4% | 31.2% |
| Vacancy Rate | 6.6% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Malden has a homeownership rate of 38.6%, lower than the Massachusetts average of 57.5%. Its housing vacancy rate is 6.6%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Malden | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1956 | 1963 | 1978 |
| Median Number of Rooms | 4.6 | 5.5 | 5.5 |
The typical housing unit in Malden was built around 1956. On average, 2.5 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Malden, MA Housing Compared With Nearby Cities
Malden, MA is the largest of the 4 cities compared here, 66,048 residents against a local median of 49,993. Malden, MA's homeownership, at 41.3%, runs 24% below the 54.0% typical of the cities around it. That is the weaker end of the local range on this measure.
The cities themselves spread 29.9% on homeownership, so Malden, MA sits at one end of an already wide local range rather than apart from it. Malden, MA has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Malden, MA | 66,048 | $556,837 #3/4 | $2,203 #2/4 | 41.3% #3/4 |
| Everett, MA | 49,993 | $624,999 | $2,076 | 37.2% |
| Melrose, MA | 29,648 | $870,192 | $1,969 | 67.2% |
| Medford, MA | 59,237 | $483,160 | $2,507 | 54.0% |
Frequently Asked Questions
Common questions about the housing market in Malden, Massachusetts.
What is the median home price in Malden, Massachusetts?
The median home price in Malden, Massachusetts is $556,837, higher than the Massachusetts average of $494,523.
What is the average home price in Malden, Massachusetts?
The typical home price in Malden, Massachusetts, reported as the median sale price, is $556,837. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Malden, Massachusetts?
The median gross rent in Malden, Massachusetts is $2,203 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Malden in 2020?
In 2020, the median gross rent in Malden, Massachusetts was $1,649 per month.
What is the price-to-rent ratio in Malden, Massachusetts?
The price-to-rent ratio in Malden, Massachusetts is about 21.1, meaning it would take roughly 21.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Malden.
Are home prices or rent rising faster in Malden, Massachusetts?
Both home prices and rent are rising in Malden, up about 16.0% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Malden, Massachusetts?
38.6% of households in Malden, Massachusetts own their home, lower than the Massachusetts average of 57.5%.
What is the vacancy rate in Malden, Massachusetts?
The housing vacancy rate in Malden, Massachusetts is 6.6%, lower than the Massachusetts average of 8.1%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →