Malverne First-Time Homebuyer Report for October

Malverne is a small city in New York with a median income of $97,276 per household. Besides being very affluent, its population is much younger than others with a median age of 45 years. The Malverne market is almost exclusively made up of detached homes, currently accounting for 100% overall. The top school in the city is East Elementary School.

Price Range

The median value of homes in Malverne is $383,100, making it one of the most valuable areas in New York. At the same time, the average list price of available homes is presently $475,817.

Curious as to which homes have been getting the most attention in Malverne? These listings have stirred up interest and produced the most views:

$574K   $348K   $419K  

Typical Dwelling

The typical dwelling in Malverne is a three-bedroom detached home worth about $475,209. To purchase a similar home, a buyer with good credit and a $95,042 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,566 monthly payment. The property tax rate is $23.43 per $1,000 of taxable assessed value.

Get started right now by checking out Malverne homes for sale or reviewing Malverne real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Island Advantage Realty Llc
Snapped 4 homes in this area
Laffey Real Estate
Snapped 1 home in this area
Coach Realty
Snapped 2 homes in this area

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