Malvern

Population: 3,427
Median household income: $106,638
Median home value: $460,400

Located in Chester County, Pennsylvania, Malvern is a community with a population of 3,427. Its median household income of $106,638 runs below the Chester County figure of $123,041.

Between 2019 and 2023, Malvern's population held roughly steady from 3,447 to 3,427, while its median home value rose 24.6% from $369,400 to $460,400.

Owners occupy 53.8% of the area's occupied homes. The median resident is 48.9 years old.

Demographics

ACS 2019–2023

Population: 3,427
Median age: 48.9 yrs
Median household income: $106,638
Median home value: $460,400
Median gross rent: $1,886
Housing units: 1,752
Homeownership rate: 53.8%
Bachelor's degree or higher: 67.1%
Unemployment rate: 9.1%

Trends

ACS 5-year · 2019–2023

Population

3,4473,427

Median household income

$101,345$106,638

Median home value

$369,400$460,400

Median gross rent

$1,688$1,886

Year	Population	Median household income	Median home value	Median gross rent
2019	3,447	$101,345	$369,400	$1,688
2020	3,445	$105,556	$386,400	$1,732
2021	3,368	$110,179	$395,700	$1,784
2022	3,389	$115,743	$473,000	$1,832
2023	3,427	$106,638	$460,400	$1,886

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.4%

5 to 1713.7%

18 to 242.5%

25 to 3416.4%

35 to 4412.0%

45 to 5412.8%

55 to 6417.6%

65 to 7413.0%

75 and over8.8%

	Count	Share
Under 5	115	3.4%
5 to 17	469	13.7%
18 to 24	85	2.5%
25 to 34	561	16.4%
35 to 44	410	12.0%
45 to 54	437	12.8%
55 to 64	604	17.6%
65 to 74	445	13.0%
75 and over	301	8.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,723	79.5%
Black or African American	54	1.6%
American Indian & Alaska Native	0	0.0%
Asian	370	10.8%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	45	1.3%
Hispanic or Latino (any race)	235	6.9%

Educational attainment (age 25+)

No high school diploma0.9%

High school graduate14.5%

Some college or associate's17.5%

Bachelor's degree40.4%

Graduate or professional degree26.7%

	Count	Share
No high school diploma	24	0.9%
High school graduate	400	14.5%
Some college or associate's	484	17.5%
Bachelor's degree	1,113	40.4%
Graduate or professional degree	737	26.7%

Commute to work

Mean travel time to work: 24 min

Drove alone70.6%

Carpooled3.1%

Public transit4.0%

Walked1.9%

Bicycle0.0%

Worked from home19.9%

Other means0.6%

How workers get to work

	Count	Share
Drove alone	1,366	70.6%
Carpooled	60	3.1%
Public transit	78	4.0%
Walked	36	1.9%
Bicycle	0	0.0%
Worked from home	385	19.9%
Other means	11	0.6%

Travel time

	Count	Share
Under 15 min	501	32.3%
15 to 29 min	606	39.1%
30 to 44 min	279	18.0%
45 to 59 min	55	3.5%
60+ min	110	7.1%

Households

Average household size: 2.04
Poverty rate: 5.8% (199 of 3,427)

	Count	Share
Family households	868	52.2%
Nonfamily households	794	47.8%

Housing

Median year structure built: 1973

Occupancy

	Count	Share
Occupied	1,662	94.9%
Vacant	90	5.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	894	53.8%
Renter-occupied	768	46.2%

1-unit, detached29.9%

1-unit, attached27.0%

2 to 4 units15.8%

5 to 19 units15.0%

20 or more units12.3%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	523	29.9%
1-unit, attached	473	27.0%
2 to 4 units	277	15.8%
5 to 19 units	263	15.0%
20 or more units	216	12.3%
Mobile home & other	0	0.0%

Geography

Place GEOID: 4246792
Type (LSAD): 21
Land area: 1.26 sq mi
Water area: 0.01 sq mi
Center point: 40.0331, -75.5154