Market Overview
Home Prices in Malvern, OH
The median home value in Malvern, OH is $284,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.2% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Malvern are priced31% below average. Malvern is part of the Canton-Massillon, OH metro area.
Over the past five years, Malvern home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Malvern Home Price Trend
City Comparison
Malvern vs. National Median
At $284,347, homes in Malvern cost 31% below the national median of $410,000. This makes Malvern a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Malvern?
20% Down Payment
$56,869
on $284,347
Monthly P&I
$1,483/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,883/mo
incl. taxes & insurance
Income Needed
$75,320
gross annual (30% rule)
10% Down Option
$28,435
+ PMI applies
Loan Amount (20% dn)
$227,478
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 Malvern, OH?
The median home value in Malvern is $284,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.2% year-over-year.
How much have home prices changed in Malvern?
Over the past year, home values in Malvern have increased by 4.2%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Malvern?
To comfortably afford the median home price of $284,347 with a 20% down payment ($56,869) at today's rates (6.8%), you'd need a gross annual income of approximately $75,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Malvern compare to the national average home price?
The national median home value is approximately $410,000. At $284,347, homes in Malvern are 31% below the national average.
What metro area is Malvern part of?
Malvern is part of the Canton-Massillon, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.