Malvern, IA Profile: Facts & Data

The primary coordinate point for Malvern is located at latitude 41.0028 and longitude -95.5853 in Mills County. The formal boundaries for the City of Malvern encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Mills County is in the Central time zone (GMT -6).

The City of Malvern has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Malvern is located within , a minor civil division (MCD) of Mills County.

Malvern, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	998 (100%)
Population in Households	984 (98.6%)
Population in Families	832 (83.4%)
Population in Group Quarters¹	14 ( 1.4%)
Population Density	626
Diversity Index²	17


INCOME
Median Household Income	$86,122
Average Household Income	$132,203
% of Income for Mortgage⁴	13%
Per Capita Income	$54,460
Wealth Index⁵	155
Socioeconomic Status Index⁶	Moderate (57.9)

HOUSING
Total HU (Housing Units)	460 (100%)
Owner Occupied HU	316 (68.7%)
Renter Occupied HU	95 (20.7%)
Vacant Housing Units	49 (10.7%)
Median Home Value	$173,529
Average Home Value	$188,291
Housing Affordability Index³	188

HOUSEHOLDS
Total Households	411
Average Household Size	2.39
Family Households	268
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Malvern, IA - Peer Comparisons by Rank and Percentile

The table below compares Malvern to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-1.10%	-0.51%
Households	-0.67%	-0.34%
Families		-0.38%
Median Household Income		2.26%
Per Capita Income		3.36%
Owner Occupied HU		-0.19%

Variable Description	Rank	Percentile
Total Population	# 279	73rd
Population Density	# 507	51st
Median Household Income	# 255	75th
Housing Affordability Index	# 883	86th
Per Capita Income	# 113	89th
Diversity Index	# 489	52nd

Malvern, IA Profile: Facts & Data

Malvern, Iowa - Basic Facts

Malvern, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Malvern, IA - Peer Comparisons by Rank and Percentile

Malvern, IA - Most Popular Things to Do

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Mills County