Malvern, IA
Population 1,415 · Iowa
About Malvern, IA
Malvern is a small community in Iowa with a population of 1,415 residents. The median household income is $82,027 per year, which is above the national average. The median age in Malvern is 42.6 years.
Housing in Malvern has a median home value of $173,900 and median monthly rent of $843. Of the 562 total housing units, the majority are owner-occupied, with 413 owner-occupied and 71 renter-occupied units.
The unemployment rate in Malvern is 5.9% and the poverty rate is 5.3%. 28.8% of residents hold a bachelor's degree or higher. The average commute time is 30.4 minutes.
Cost of Living in Malvern, IA
Compared to national averages, Malvern has a median household income of $82,027 (9% above the national median of $75,149). Home values average $173,900, which is 29% below the national median. Monthly rent at $843 is 28% below the US average of $1,163. Within Iowa, Malvern's income is 21% above the state average of $67,947, and home values are 32% above the state median of $132,237.
Why Live in Malvern, IA?
Malvern offers a strong local economy with a median household income of $82,027, well above the national average, and affordable housing with a median home value of $173,900, below the US average of $244,900, and rent that’s lower than the national average at $843/month. Additionally, the city features a low poverty rate of 5.3%, better than the national average.
Malvern has a population of 1,415 with a median age of 42.6 years. Compare Malvern with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Malvern
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Strawberry Point | 1,415 | $58,352 | $115,200 | Compare |
| Woodbine | 1,418 | $54,167 | $141,900 | Compare |
| Earlham | 1,406 | $104,464 | $248,400 | Compare |
| Coon Rapids | 1,403 | $64,338 | $129,300 | Compare |
| Kingsley | 1,427 | $73,103 | $146,200 | Compare |
| Nora Springs | 1,394 | $72,083 | $126,300 | Compare |
| Greene | 1,390 | $54,298 | $125,200 | Compare |
| Bedford | 1,389 | $57,031 | $88,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Malvern
What is the population of Malvern, IA?
The population of Malvern, IA is 1,415 according to the latest Census data.
What is the median household income in Malvern?
The median household income in Malvern, IA is $82,027 per year.
What is the median home value in Malvern?
The median home value in Malvern, IA is $173,900.
What is the average rent in Malvern?
The median monthly rent in Malvern, IA is $843.
What is the unemployment rate in Malvern?
The unemployment rate in Malvern, IA is 5.9%.