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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 $283,235, higher than the South Dakota average of $268,202.
The average cost of rent is $1,131/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 9.88% of households rent, and 48.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $7,346 per month. Households that rent pay about 15.40% of their income on rent here. Silver City’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mystic, SD: equally priced homes
- Johnson Siding, SD: higher priced homes
- Nemo, SD: higher priced homes
- Hill City, SD: higher priced homes
- Rochford, SD: equally priced homes
- Roubaix, SD: higher priced homes
- Black Hawk, SD: equally priced homes
- Summerset, SD: higher priced homes
- Bethlehem, SD: higher priced homes
- Piedmont, SD: higher priced homes
Cities with Similar Populations
- Wayside, GA: less expensive homes
- Carthage, SD: less expensive homes
- Cascade, WV: less expensive homes
- Castleton, IL: less expensive homes
- Caulksville, AR: less expensive homes
- Cayton, NC: less expensive homes
- Cedarville, WV: less expensive homes
- Centralia, TX: less expensive homes
- Welcome, FL: equally priced homes
- Welchs, VA: higher priced homes
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