Market Overview
Home Prices in Malverne, NY
The median home value in Malverne, NY is $823,839 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Malverne are priced101% above average. Malverne is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Malverne home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Malverne Home Price Trend
City Comparison
Malverne vs. National Median
At $823,839, homes in Malverne cost 101% above the national median of $410,000. Buyers in Malverne should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Malverne?
20% Down Payment
$164,768
on $823,839
Monthly P&I
$4,297/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,457/mo
incl. taxes & insurance
Income Needed
$218,280
gross annual (30% rule)
10% Down Option
$82,384
+ PMI applies
Loan Amount (20% dn)
$659,071
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Malverne, NY?
The median home value in Malverne is $823,839 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in Malverne?
Over the past year, home values in Malverne have increased by 5.7%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Malverne?
To comfortably afford the median home price of $823,839 with a 20% down payment ($164,768) at today's rates (6.8%), you'd need a gross annual income of approximately $218,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Malverne compare to the national average home price?
The national median home value is approximately $410,000. At $823,839, homes in Malverne are 101% above the national average.
What metro area is Malverne part of?
Malverne is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.