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Affordable
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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 $116,170, lower than the Mississippi average of $183,008.
The average cost of rent is $543/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 16.29% of households rent, and 69.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $5,864 per month. Households that rent pay about 9.27% of their income on rent here. Silver City’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midnight, MS: less expensive homes
- Gooden Lake, MS: less expensive homes
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- Carter, MS: higher priced homes
- Louise, MS: less expensive homes
- Omega, MS: less expensive homes
- Murphy, MS: less expensive homes
- Thornton, MS: less expensive homes
- Lake City, MS: higher priced homes
- Mileston, MS: less expensive homes
Cities with Similar Populations
- Portland, KY: higher priced homes
- Ohio Furnace, OH: higher priced homes
- Old Town, IA: higher priced homes
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- Oma, MS: less expensive homes
- Pineville, AR: higher priced homes
- Pisgah, SC: higher priced homes
- Plaza, ND: higher priced homes
- Pompey, NY: higher priced homes
- Pooleville, OK: higher priced homes
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