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These days, finding an affordable place to live in the Silver area can be challenging. Home prices in Silver are now at a median cost of $192,820, lower than the Arkansas average of $207,061.
The average cost of rent is $534/mo in Silver, primarily driven by the current value of real estate in the Silver area. In Silver, 11.07% of households rent, and 78.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver is $4,330 per month. Households that rent pay about 12.34% of their income on rent here. Silver’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Joplin, AR: equally priced homes
- Hurricane Grove, AR: higher priced homes
- Mount Ida, AR: less expensive homes
- Crystal Springs Landing, AR: less expensive homes
- Story, AR: higher priced homes
- Mazarn, AR: less expensive homes
- Crystal Springs, AR: less expensive homes
- Manfred, AR: less expensive homes
- Sims, AR: equally priced homes
- Norman, AR: less expensive homes
Cities with Similar Populations
- Brumley, TX: less expensive homes
- Whitehead, MS: less expensive homes
- Whyte, MN: higher priced homes
- Wicksville, SD: higher priced homes
- Wiconisco, PA: less expensive homes
- Wilbern, IL: less expensive homes
- Chickasaw, IA: equally priced homes
- Canton, IN: equally priced homes
- Burr, KY: less expensive homes
- Bucks Harbor, ME: equally priced homes
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