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 $174,602, lower than the Indiana average of $175,617.
The average cost of rent is $822/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 43.05% of residents own their homes outright in Silver Lake, 27.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $5,371 per month. Households that rent pay about 15.30% of their income on rent here. Silver Lake's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Claypool, IN: less expensive homes
- Laketon, IN: equally priced homes
- Sidney, IN: less expensive homes
- Akron, IN: less expensive homes
- Burket, IN: less expensive homes
- Sevastopol, IN: less expensive homes
- North Manchester, IN: less expensive homes
- Gilead, IN: less expensive homes
- Liberty Mills, IN: equally priced homes
- Roann, IN: less expensive homes
Cities with Similar Populations
- Auburn, KS: equally priced homes
- Fairland, OK: less expensive homes
- Elko, MN: higher priced homes
- Eastanollee, GA: less expensive homes
- Darlington, PA: less expensive homes
- Crystal Falls, MI: less expensive homes
- Crane, MO: less expensive homes
- Como, WI: higher priced homes
- Clear Lake Shores, TX: higher priced homes
- Chamberlain, SD: equally priced homes
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