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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 $448,907, higher than the Nevada average of $441,980.
The average cost of rent is $1,197/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 23.10% of households rent, and 23.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $7,276 per month. Households that rent pay about 16.46% of their income on rent here. Silver City’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dayton, NV: equally priced homes
- Virginia City, NV: equally priced homes
- New Empire, NV: higher priced homes
- Carson City, NV: equally priced homes
- Washoe Valley, NV: higher priced homes
- Washoe, NV: higher priced homes
- Stagecoach, NV: less expensive homes
- Stewart, NV: higher priced homes
- Indian Hills, NV: higher priced homes
- Johnson Lane, NV: higher priced homes
Cities with Similar Populations
- Odin, IL: less expensive homes
- Solomon, KS: less expensive homes
- Sherrodsville, OH: less expensive homes
- Shepardsville, MI: less expensive homes
- Scenery Hill, PA: less expensive homes
- Savona, NY: less expensive homes
- Rushtown, OH: less expensive homes
- Roslyn Estates, NY: higher priced homes
- Rosedale, MS: less expensive homes
- Pine Valley, CA: higher priced homes
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