Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Silver Lake area can be challenging. Home prices in Silver Lake are now at a median cost of $142,300, lower than the Iowa average of $182,666.
The average cost of rent is $839/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 62.76% of residents own their homes outright in Silver Lake, 25.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $5,357 per month. Households that rent pay about 15.66% of their income on rent here. Silver Lake's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Northwood, IA: equally priced homes
- Emmons, MN: less expensive homes
- Twin Lakes, MN: higher priced homes
- Glenville, MN: equally priced homes
- Joice, IA: equally priced homes
- Lake Mills, IA: less expensive homes
- Kensett, IA: less expensive homes
- Hanlontown, IA: less expensive homes
- Myrtle, MN: higher priced homes
- Conger, MN: higher priced homes
Cities with Similar Populations
- Bosler, WY: higher priced homes
- Bucks, AL: equally priced homes
- Virginia Mills, PA: higher priced homes
- Brockroad, VA: higher priced homes
- Brice, IN: equally priced homes
- Brems, IN: equally priced homes
- Braxton, KY: higher priced homes
- Boykins and Branchville, VA: higher priced homes
- Bosstown, WI: higher priced homes
- Venango, NE: less expensive homes
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