The typical owner-occupied home in Malone is worth about $117,600, 59% below the Texas median of $283,800 and 65% below the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 0.85% of their home's value, lower than the Texas rate of 1.49%. The median household earns $31,083 a year, so the median home costs 3.8 times the median income (3.6 times for Texas). 82% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Malone at a glance
| Malone | Texas | U.S. | |
|---|---|---|---|
| Median home value | $117,600 | $283,800 | $332,700 |
| Median property tax paid per year | $1,000 | $4,232 | $3,119 |
| Property tax as a share of value | 0.85% | 1.49% | 0.94% |
| Median household income | $31,083 | $78,476 | $80,734 |
| Homes lived in by their owners | 82% | 63% | 65% |
| Owner homes with a mortgage | 33% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 38.5% | 21.7% | 21.0% |
| Median rent | $850 | $1,403 | $1,413 |
| Rent as a share of renters' income | 23.0% | 30.9% | 30.6% |
| Median year homes were built | 1944 | 1992 | 1980 |
| Vacant homes | 33.1% | 9.4% | 10.1% |
| Population | 280 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Malone
At this week's average 30-year rate of 7.11%, buying the median Malone home of $117,600 with 20% down costs about $765 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $961, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,793 for the 20%-down payment. That payment is 30% of the median Malone household income of $31,083; at that income and 20% down, the 28% guideline points to a home of about $111,000.
The median rent here is $850 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,520 |
|---|---|
| Loan amount | $94,080 |
| Principal and interest | $633 |
| Property taxes (0.85% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $765 |
Change the numbers in the calculator
| Down payment | $4,116 |
|---|---|
| Loan amount | $115,470 |
| Principal and interest | $777 |
| Property taxes (0.85% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $961 |
Change the numbers in the calculator
Questions about home buying in Malone
What is the median home value in Malone?
About $117,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Malone?
Homeowners pay a median $1,000 a year, which is about 0.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Malone?
For the median home with 20% down at 7.11%, the payment is about $765 a month. Keeping that under 28% of gross income takes about $32,793 a year.
More about Malone
- Mortgage Refinance in Malone
- Debt Relief in Malone
- Home Equity Loans in Malone
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data