The Most Affordable Neighborhoods in Silver City, SD by Home Value

 

Silver City, SD Map of Most Affordable Neighborhoods
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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 $279,647, higher than the South Dakota average of $199,518.

The average cost of rent is $793/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. While nearly 40.73% of residents own their homes outright in Silver City, 7.53% rent.

Housing affordability isn’t just about home prices, though. The average household income in Silver City is $7,680 per month. Households that rent pay about 10.32% of their income on rent here. Silver City's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.


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