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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 $221,689, lower than the North Carolina average of $226,477.
The average cost of rent is $880/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. While nearly 16.62% of residents own their homes outright in Silver City, 40.82% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $6,016 per month. Households that rent pay about 14.63% of their income on rent here. Silver City's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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- Shannon, NC: less expensive homes
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- Red Springs, NC: less expensive homes
- Ashley Heights, NC: less expensive homes
Cities with Similar Populations
- Blandburg, PA: less expensive homes
- Tyhee, ID: higher priced homes
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- Chatawa, MS: less expensive homes
- Ubet, WI: equally priced homes
- Bethel, DE: equally priced homes
- Jump, OH: less expensive homes
- Vesta, MN: less expensive homes
- Bexley, MS: less expensive homes
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