Malvern, AR home prices
Typical home $159,238 · -3.1% in a year · income needed $42,900
The Malvern, AR metro area ranks 795 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -3.1% in a year and +4.5% over five years. With 20% down at 7.11%, the typical home costs about $1,000 a month including 0.48% property tax (Hot Spring County rate).
Mortgage on the typical Malvern home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $31,848 | $127,390 | $857 | $0 | $143 | $1,000 | $42,900 |
| 10% down | $15,924 | $143,314 | $964 | $60 | $143 | $1,167 | $50,000 |
| 5% down | $7,962 | $151,276 | $1,018 | $63 | $143 | $1,224 | $52,500 |
| 3.5% down (FHA) | $5,573 | $156,354 | $1,052 | $70 | $143 | $1,265 | $54,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Malvern area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hot Spring County, AR | $159,254 | -3.1% | 0.48% |
What can you afford in Arkansas on your salary? · Arkansas home prices · Salaries in Arkansas
Frequently asked questions
How much is a house in Malvern?
The typical home in the Malvern, AR metro area is worth $159,238 (Zillow, September 2026).
What salary do you need to buy a house in Malvern?
About $42,900 a year for the typical home with 20% down at 7.11%.