Expensive
Affordable
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These days, finding an affordable place to live in the Silk Hope area can be challenging. Home prices in Silk Hope are now at a median cost of $380,410, higher than the North Carolina average of $323,314.
The average cost of rent is $821/mo in Silk Hope, primarily driven by the current value of real estate in the Silk Hope area. In Silk Hope, 11.42% of households rent, and 42.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silk Hope is $7,047 per month. Households that rent pay about 11.64% of their income on rent here. Silk Hope’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Siler City, NC: less expensive homes
- Mount Vernon Springs, NC: less expensive homes
- Bear Creek, NC: less expensive homes
- Pittsboro, NC: higher priced homes
- Bonlee, NC: less expensive homes
- Bynum, NC: higher priced homes
- Staley, NC: less expensive homes
- Merry Oaks, NC: equally priced homes
- Parks Crossroads, NC: less expensive homes
- Liberty, NC: less expensive homes
Cities with Similar Populations
- Ashland, IL: less expensive homes
- Youngsport, TX: less expensive homes
- Woodburn, KY: less expensive homes
- Vermillion, MN: equally priced homes
- Veguita, NM: less expensive homes
- Tyler, MN: less expensive homes
- Tubac, AZ: higher priced homes
- Clark Fork, ID: less expensive homes
- Cerro Gordo, IL: less expensive homes
- Carolina, RI: higher priced homes
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