Malvern is located close to the center of Arkansas. Malvern is between the Hot Spring, Garland, Saline county. Malvern has 8.66 square miles of land area and 0.07 square miles of water area. As of 2010-2014, the total Malvern population is 10,695, which has grown 18.56% since 2000. The population growth rate is much higher than the state average rate of 10.24% and is much higher than the national average rate of 11.61%. Malvern median household income is $30,983 in 2010-2014 and has grown by 14.72% since 2000. The income growth rate is much lower than the state average rate of 28.22% and is much lower than the national average rate of 27.36%. Malvern median house value is $68,500 in 2010-2014 and has grown by 39.51% since 2000. The house value growth rate is lower than the state average rate of 49.31% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Malvern is close to the state average in quality. The Malvern area code is 501.