Malvern

Located in Carroll County, this small community of 1,687 residents presents a unique housing market with 26 active listings currently available. The median home price stands at $414,450, with properties averaging 2,305 square feet and priced at $203 per square foot. Despite the relatively high home values, the area maintains a median household income of $28,327, creating a notable gap between housing costs and local earning potential. The owner-occupied rate of 38.0% suggests a significant portion of properties serve as rental investments or seasonal residences. Families in the area are served by the Brown Local School District. The housing market reflects the broader rural Ohio trend of limited inventory in smaller communities, where available properties command premium pricing due to scarcity. Buyers should expect competition for the limited stock, while the income-to-housing-cost ratio indicates this market primarily attracts purchasers from outside the immediate area or those with alternative income sources beyond local employment opportunities.

Market description generated from current MLS and U.S. Census data.