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Malden city, MA

ZIP 02148 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 02148

Median Home Value
$607,500
Median Rent
$1,869
Affordability Snapshot
$167,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,902/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 02148 in Malden city, MA, a household would need roughly $167,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,902. That is about 75% above the local median household income ($95,298), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
42.1%-36% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
93.4%+7% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
25.1%-50% vs US avg
x
Mortgage-Free
33.6%-12% vs US avg
x
$607,500
Home Value
$1,869
Rent
1943
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached24.5%
  • 1-unit attached7.6%
  • 2-9 units36.0%
  • 10+ units31.0%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$607,500
Median rent$1,869
Owner-occupied42.1%
Vacant6.2%
Price-to-income6.4x
Est. income to buy$167,000