Housing in Malaga

A typical Malaga home is worth roughly $171,000

Typical home value

$171K

OH $249K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$1,481

OH $2,822

What kind of housing town is Malaga?

Read from the numbers below. The page puts what stands out first.

Your money goes further31% below the Ohio typical home.A town of owners88% of households own their home.

★ What stands out · Affordability

A typical home costs 2.6 years of income

Less than across Ohio (3.5 years). Try your own numbers below.

You could afford about

$254,000

Typical Malaga home $171K

That covers a typical Malaga home, with $83K to spare.

The typical home, each month

$1,020

Loan $850Tax $120Insurance $50

A two-bedroom rents for about $980 a month here, $40 less than owning.

Where your budget reaches nearby

Center$119K Somerset$238K Summit$204K Sunsbury$122K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Malaga’s typical property tax (0.87% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

88% of Malaga households own their home

Half of Malaga’s homes were built before 1974.

Owners and renters

Own 88%Rent 12%

Ohio: 67% own.

1974

typical home built · OH 1970

$1,481

median property tax bill · OH $2,822

0.87%

of a home’s value, a year in tax · OH 1.31%

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $757, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$740

1 bedroom$760

2 bedrooms$980

3 bedrooms$1,290

4 bedrooms$1,330

12%

of households rent · OH 33%

renter households

$757

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Monroe County, OH): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Malaga vs. its neighbors

Malaga is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Somerset$238K Summit$204K Malaga$171K Sunsbury$122K Center$119K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Malaga	$171K*	—	$980	$65,000
Center	$119K*	—	$980	$48,887
Somerset	$238K*	—	$970	$77,404
Summit	$204K*	—	$1,060	$76,688
Sunsbury	$122K*	—	$1,000	$63,487

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Malaga buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Malaga still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.