Affordable & Income-Based Housing in Malvern

Affordability in Malvern, AR

According to Census ACS 5-Year data (2024), the median gross rent in Malvern is $764 per month and the median household income is $46,250 per year. About 50% of Malvern residents rent their homes, meaning affordable rental options play an important role in the local housing market.

Safety

According to FBI Crime Data Explorer, the Malvern Police Department reported a violent crime rate of 663 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting practices and population factors.

Of the 6 HUD-assisted properties in Malvern, none are located in a FEMA-designated high-risk flood zone, based on available flood map data.

Getting Around Malvern

According to Walk Score, the area around assisted properties in Malvern scores 55 (Somewhat Walkable) and a Bike Score of 45. No Transit Score is available, which is typical for smaller Arkansas cities where a personal vehicle is often needed for most trips.

Schools

According to NCES Common Core of Data, 10 schools across 4 districts serve Malvern, including 3 elementary, 2 middle, 4 high schools, and 1 other. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Living in Malvern

The median household income in Malvern is $46,250 per year, according to Census ACS 5-Year estimates. The median rent citywide is $764 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Malvern can significantly reduce housing costs for eligible renters. Rents at HUD-assisted and income-restricted properties are typically set as a percentage of a household's income or capped based on area income limits, rather than tied to market rates.

• Median household income: $46,250/year (Census ACS 5-Year)
• Median market rent: $764/month (Census ACS 5-Year)
• Renter households: 50% of occupied housing units (Census ACS 5-Year)

Environment

All 6 HUD-assisted properties in Malvern have been mapped for flood risk, and none are located in a high-risk flood zone.