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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 $204,318, lower than the New Mexico average of $265,486.
The average cost of rent is $838/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 27.67% of households rent, and 59.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $4,442 per month. Households that rent pay about 18.87% of their income on rent here. Silver City’s most expensive areas are in the northeastern 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
- Arenas Valley, NM: equally priced homes
- Tyrone, NM: less expensive homes
- Pinos Altos, NM: higher priced homes
- Santa Clara, NM: less expensive homes
- Bayard, NM: less expensive homes
- Vanadium, NM: less expensive homes
- Hurley, NM: less expensive homes
- Mangas Springs, NM: higher priced homes
- Hanover, NM: less expensive homes
- Fort Bayard, NM: less expensive homes
Cities with Similar Populations
- Fullerton, PA: higher priced homes
- Grand Bay, AL: equally priced homes
- Wimauma, FL: higher priced homes
- Glenmont, MD: higher priced homes
- Gilbertsville, PA: higher priced homes
- Gaylord, MI: higher priced homes
- Gansevoort, NY: higher priced homes
- Gambrills, MD: higher priced homes
- Wynnewood, PA: higher priced homes
- Grand Ledge, MI: higher priced homes
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