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City · 5,429 residents · Franklin County, New York

Malone , New York

In Malone, a typical home is worth $107,600 and typical rent is $839 a month. Compared with all of Franklin County, the typical home value is 26% lower, typical household income is 7% lower, and the share of households that own their home is 21 points lower.

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  • Typical home value

    $107,600

    26% below the county

    75% below New York

    • Malone
    • Franklin
    • New York

  • Typical rent

    $839a month

    About the same as the county

    48% below New York

    • Malone
    • Franklin
    • New York

  • Typical household income

    $60,548a year

    7% below the county

    30% below New York

    • Malone
    • Franklin
    • New York

  • Households that own their home

    52%

    21 points below the county

    3 points below New York

    • Malone
    • Franklin
    • New York

Source: U.S. Census Bureau, Average 2020–2024

Malone is in Franklin County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Franklin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Malone apart

What this place has that others do not, from public data, most unusual first.

  1. Malone has the 4th smallest share of rent-burdened renters of the 300 cities in New York with more than 5,000 people (31%).

  2. 52% of households in Malone own their home, against 73% in Franklin County.

  3. Malone has the 14th lowest typical home value of the 348 cities in New York with more than 5,000 people ($107,600).

  4. Malone has the 14th lowest typical rent of the 333 cities in New York with more than 5,000 people ($839).

  5. Nearby, in Ogdensburg, the typical home value is $85,400: 21% less than in Malone ($107,600).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Malone

What homes there are in Malone, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Malone (52%), but less so than in Franklin County (70%).

Year built

In Malone, at least half of the homes were built before 1940, and 77% date from before 1960.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,124 a month

Franklin County: $1,391 a month

Without a mortgage

$617 a month

Franklin County: $532 a month

Owners with a mortgage

51%

Franklin County: 47%

Owning costs less in Malone: with a mortgage, the typical cost is $1,124 a month; in Franklin County, $1,391. Without one, $617.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Malone gained value more slowly than in Franklin County: 29% since 2015–2019, against 34%.

The typical rent in Malone rose 13% over the same time; in Franklin County, it rose 20%.

The typical household income in Malone rose 52%: more than home values (+29%) and rent (+13%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMaloneFranklin CountyNew YorkUnited States
Rental vacancy Unreliable estimateUnreliable estimate3.8%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimate1.3%5.3%3.4%
People per household 1.982.182.492.53
Drive alone 70%75%49%69%
Carpool Unreliable estimate11%6%9%
Public transit Unreliable estimateUnreliable estimate22%3%
Walk or bike Unreliable estimate6%6%3%
Work from home Unreliable estimate6%15%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 1.98 on average, against 2.18 in Franklin County.

To get to work, 70% of workers in Malone drive alone; in Franklin County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Malone?

A typical home is within reach of the typical income

We start with a typical home in Malone, worth $107,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Malone, which is $60,548 a year.

The calculator's FHA and conventional loan limits are those of all of Franklin County.

Your numbers

Local data
$

Starts at the typical home value in Malone. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,766 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,022

at 7.18% · 30 years

Loan amount
$105,651
Total interest
$152,007
Paid off in
November 2056

Includes $1,817 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,413 a month

    Your payment · 20%

  • Tight

    $1,413 to $1,816 a month

  • Hard

    more than $1,816 a month

Compared with the typical household income in Malone ($60,548 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,022
Principal & interest$716
Property tax$213
Home insurance$45
FHA mortgage insurance (MIP)$48

You need at least $3,766 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Malone and Franklin County

Malone is in Franklin County, New York. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Malone's own numbers

Typical home value
$107,600
Typical monthly rent
$839
Typical yearly household income
$60,548
Households that own their home
52%
Effective property tax rate
2.38%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Franklin County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+57%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Franklin County.

Everything about Franklin County

Buying

Buying a home in Malone

A typical home in Malone is worth $107,600: 26% below the county and 75% below New York. With the typical household income in Malone ($60,548 a year), a typical home costs 1.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Malone 1.8 years
  • Franklin 2.2 years
  • New York 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Franklin County

According to FHFA’s house price index, home prices in Franklin County rose 76% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Franklin County.

Period County New York U.S.
Last year (2025) +5.3% +6.0% +2.9%
5 years (2020–2025) +57% +52% +47%
10 years (2015–2025) +76% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Malone next to Franklin County, New York and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Malone $107,600
  • Franklin $145,400
  • New York $423,800
  • United States $332,700
Typical monthly rent
  • Malone $839
  • Franklin $843
  • New York $1,621
  • United States $1,413
Typical yearly household income
  • Malone $60,548
  • Franklin $65,151
  • New York $85,974
  • United States $80,734
See the full table
Malone next to Franklin County and New York
Measure Malone Franklin County New York U.S.
Typical home value $107,600 $145,400 $423,800 $332,700
Typical monthly rent $839 $843 $1,621 $1,413
Typical yearly household income $60,548 $65,151 $85,974 $80,734
Households that own their home 52% 73% 54% 65%
Typical yearly property tax $2,564 $2,440 $6,582 $3,119
Effective property tax rate 2.38% 1.68% 1.55% 0.94%
Renters with high rent for their income 31% 37% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Franklin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Malone

For a typical $107,600 home in Malone, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Malone's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,022a month

    Least cash to close
    Down payment
    $3,766
    Cash to close
    $6,994
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $48

  • Conventional, 5% down $1,002a month

    Down payment
    $5,380
    Cash to close
    $8,608
    Rate
    7.18%
    Mortgage insurance
    PMI · $51

  • Conventional, 20% down, no PMI $841a month

    Down payment
    $21,520
    Cash to close
    $24,748
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $941a month

    Down payment
    $16,140
    Cash to close
    $19,368
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Malone and for Franklin County.

Property tax

Effective rate in Malone

2.38%of the home’s value each year

$2,564 a year for the typical owner in Malone.

  • Malone 2.38%
  • Franklin 1.68%
  • New York 1.55%

What New York publishes Basic STAR school tax relief (New York State Department of Taxation and Finance)

Exemptions and deadlines in New York

Flood risk in Franklin County

FEMA does not publish these numbers by city: they are for all of Franklin County.

FEMA’s maps count no homes in the high-risk zone in Franklin County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Malone

Typical rent in Malone is $839 a month: about the same as the county. In Malone, 31% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Franklin County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.

HUD fair market rent for all of Franklin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $706 $13.58 $28,240
1 bedroom $860 $16.54 $34,400
2 bedrooms $1,014 $19.50 $40,560
3 bedrooms $1,209 $23.25 $48,360
4 bedrooms $1,415 $27.21 $56,600

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Malone

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Malone is in ZIP code 12953.

For 2 bedrooms it is $1,020: $6 more than the fair market rent for Franklin County ($1,014).

  • 12953 $1,020$1,220

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Malone when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Malone

HUD lists 7 buildings with rents for lower incomes in Malone. These are the largest.

  • Elm Manor/Riverside Haven 59 Sawyer Ave, Malone 12953 175 low-income homes · Run by Malone Housing Authority · Average payment: $455 a month · Average wait: 8 months · Homes at several sites (518) 483-3070
  • Indian Trails Apartments 11 Gentle Breeze Dr, Malone 12953 128 homes, 100 low-income · 1 bd: 38 · 2 bd: 65 · 3 bd: 25 · In service since 2016
  • Valley Ridge Manor 14827 State Route 30, Malone 12953 20 low-income homes · For older adults (518) 481-6670
  • Windmill Estates (malone IV) 23 Windmill Ln, Malone 12953 20 low-income homes · 2 bd: 4 · 3 bd: 12 · 4 bd: 4 · In service since 2008 · For families
  • Malone Phase III 33 Countryside Ln, Malone 12953 12 low-income homes · 2 bd: 8 · 3 bd: 4 · In service since 1999 · For families

See all 18 buildings in Franklin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Malone

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Franklin County. The nearest ones are below; many serve by phone or online.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Malone

No down payment, repair or rent-help program on our list is for Malone or Franklin County. The ones below are statewide in New York: they work in Malone the same as in the rest of the state.

Which programs do I qualify for? All programs in New York

Housing counselors near Malone

The HUD-approved agencies closest to the center of Malone, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Friends of the North Country

    1387 Hardscrabble Rd, Cadyville · 31 miles away

    • Mortgage delinquency and default
    • Home improvement and repairs
    • and 4 more
    (518) 293-5045

  • Neighbors of Watertown, Inc.

    112 Franklin St, Watertown · 102 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (315) 782-8497

  • Unhs Neighborworks Homeownership Center

    1611 Genesee St, Utica · 130 miles away · Spanish

    Also serves in Arabic, American Sign Language (ASL), Cambodian, Cantonese, and 19 more languages.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 7 more
    (315) 724-4197

All counseling agencies in New York

Help in Spanish near Malone

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Malone

HUD’s record names them for Malone or Franklin County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

2 other authorities have an office in Franklin County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Malone, with the typical home value.

Everything about Franklin County Housing in New York

Neighboring counties

If Franklin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Malone.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Malone

Short answers with the numbers for Malone and all of Franklin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Malone?

The typical home value in Malone is $107,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Franklin County it is $145,400.

How much does it cost to rent in Malone?

Typical rent in Malone is $839 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Franklin County is $1,014.

What is the FHA loan limit in Malone?

Malone uses the FHA limit for all of Franklin County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Malone?

The typical homeowner in Malone pays $2,564 a year, according to the U.S. Census Bureau. That is 2.38% of the home’s value; in Franklin County, the rate is 1.68%.

Where can I find free help to buy or rent in Malone?

We found no HUD-approved counseling agencies with an office in Franklin County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).