Malvern is located in southwest Iowa. Malvern is between the Mills, Fremont county. Malvern has 1.19 square miles of land area and has no water area. As of 2010-2014, the total Malvern population is 1,042, which has shrunk 17.04% since 2000. The population growth rate is much lower than the state average rate of 5.19% and is much lower than the national average rate of 11.61%. Malvern median household income is $62,440 in 2010-2014 and has grown by 88.17% since 2000. The income growth rate is much higher than the state average rate of 33.56% and is much higher than the national average rate of 27.36%. Malvern median house value is $114,900 in 2010-2014 and has grown by 60.03% since 2000. The house value growth rate is higher than the state average rate of 53.09% and is higher 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 much better than the state average in quality. The Malvern area code is 712.