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These days, finding an affordable place to live in the Silver City area can be challenging. Home prices in Silver City are now at a median cost of $331,374, higher than the Iowa average of $226,062.
The average cost of rent is $1,147/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 14.47% of households rent, and 36.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $9,267 per month. Households that rent pay about 12.37% of their income on rent here. Silver City’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mineola, IA: higher priced homes
- Malvern, IA: less expensive homes
- Glenwood, IA: less expensive homes
- Treynor, IA: equally priced homes
- Hastings, IA: less expensive homes
- Henderson, IA: less expensive homes
- Pacific Junction, IA: higher priced homes
- Macedonia, IA: less expensive homes
- Emerson, IA: less expensive homes
- Strahan, IA: less expensive homes
Cities with Similar Populations
- Paxton, NE: less expensive homes
- Pottersburg, OH: equally priced homes
- Potsdam, OH: less expensive homes
- Poston, AZ: less expensive homes
- Post Mills, VT: higher priced homes
- Port Hudson, LA: higher priced homes
- Poplar, CA: higher priced homes
- Pleasant Ridge, TX: less expensive homes
- Pistol Ridge, MS: less expensive homes
- Pinedale, MS: less expensive homes
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