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These days, finding an affordable place to live in the Silver Creek area can be challenging. Home prices in Silver Creek are now at a median cost of $456,105, higher than the Minnesota average of $345,793.
The average cost of rent is $1,203/mo in Silver Creek, primarily driven by the current value of real estate in the Silver Creek area. In Silver Creek, 7.19% of households rent, and 36.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Creek is $8,885 per month. Households that rent pay about 13.53% of their income on rent here. Silver Creek’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Maple Lake, MN: less expensive homes
- Hasty, MN: less expensive homes
- Annandale, MN: less expensive homes
- Clearwater, MN: less expensive homes
- Monticello, MN: less expensive homes
- South Haven, MN: less expensive homes
- Becker, MN: less expensive homes
- Buffalo, MN: less expensive homes
- West Albion, MN: less expensive homes
- Rassat, MN: equally priced homes
Cities with Similar Populations
- Bruce, WI: less expensive homes
- Castile, NY: less expensive homes
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- Sherman, NY: less expensive homes
- Rosita, TX: less expensive homes
- Romance, AR: less expensive homes
- Rockaway Beach, OR: less expensive homes
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