Malta is located in Cassia County and is part of the Burley, Idaho Micropolitan Statistical Area. The town's population as of the 2000 census was a tiny 177 people, while the 83342 zip code's estimated population as of 2009 is 1,332. As of 2011, the cost of living index is 81.8, making it less expensive to live there than in many US cities (the US average cost of living index is 100). Top industries in number of employees for this zip code as of 2005 are the electric power distribution industry, the catering industry, and the construction industry. Those seeking Idaho homes will be pleased to hear that despite the town's small size, 76.4% of Malta citizens have a drive time to work of 25 minutes or less.
83342-Malta Real Estate for Sale
|All Listings||$300,000 - $400,000||$400,000 - $500,000|
|$700,000 - $800,000||$900,000 - $1,000,000|
83342-Malta Real Estate for Sale
83342 Malta Idaho Homes and Lifestyle
Age of homes
Malta was founded in the early 1880s. There are homes for sale in Malta with a wide range of ages, with the largest percent built in the 1990s. As of June, 2011, 18.8% of Malta homes were built in the 1990s, followed by 17.3% in the 1970s. 1.1% of Malta homes were built in 2005 or later, while 6.9% were built between 2000 and 2004, 11.0% were built in the 1980s, 12.3% were built in the 1960s, 5.0% were built in the 1950s, and 10.4% were built in the 1940s. 17.1% were built in 1939 or earlier, which may be of interest for buyers seeking historic Idaho homes.
In 2009, the estimated median home value was $111,065 for Malta homes, up from $78,100 in 2000. This figure shows Malta properties to be much lower in value than the 2009 estimated median value of $171,700 for all Idaho homes. In 2009 the mean price for detached houses was $357,695. For mobile homes it was $45,040, and for occupied boats, RVs, and vans it was $55,000. Home values all across Idaho have decreased slightly in the current market-- the median sale price of Boise homes in 2010 was between $200,000 and $250,000, down from about $300,000 in 2008.
Neighborhoods & Parks
Malta itself is extremely small and has no city parks, but Malta residents are just a short drive away from both the parks of nearby towns and from state and national reserves. The people of Malta have access to the city parks of Burley, such as West Park and Freedom Park. Elba Park is also just a short drive away, as are the breathtaking City of Rocks National Reserve and Castle Rocks State Park.
Malta has a few flower shops, arts and crafts shops, and auto repair shops. Albion has a grocery store and is just over 20 minutes away. For any real shopping, it is necessary to drive to the Burley area, about 40 minutes away. Burley has several department stores, including a Walmart Supercenter, a Bealls, and a shopping center with many specialty stores.
Hughes Real Estate Group team members can provide more detailed market information.
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Contact The Hughes Real Estate Group for more information or to view Idaho homes: (208) 571-7145.
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Listing information last updated on August 4th, 2021 at 3:16pm MDT.