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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 $321,300, higher than the Tennessee average of $315,131.
The average cost of rent is $791/mo in Silver City, primarily driven by the current value of real estate in the Silver City area. In Silver City, 11.98% of households rent, and 59.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver City is $6,881 per month. Households that rent pay about 11.50% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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