Affordable
Expensive
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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 $1,323,967, higher than the Los Angeles average of $909,324.
The average cost of rent is $2,178/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. In Silver Lake, 64.40% of households rent, and 36.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $9,532 per month. Households that rent pay about 22.85% of their income on rent here. Silver Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Historic Filipinotown, Los Angeles, CA: less expensive homes
- Echo Park, Los Angeles, CA: less expensive homes
- Los Feliz, Los Angeles, CA: higher priced homes
- Westlake, Los Angeles, CA: less expensive homes
- Atwater Village, Los Angeles, CA: less expensive homes
- Koreatown, Los Angeles, CA: less expensive homes
- Mid Wilshire, Los Angeles, CA: equally priced homes
- Cypress Park, Los Angeles, CA: less expensive homes
- Tropico, Glendale, CA: less expensive homes
- New Downtown, Los Angeles, CA: less expensive homes
Neighborhoods with Similar Populations
- Charlotte Gardens, Bronx, NY: less expensive homes
- Westland, Galloway, OH: less expensive homes
- Western Hills Fort Worth, Fort Worth, TX: less expensive homes
- University, Columbus, OH: less expensive homes
- Carmel Valley, San Diego, CA: higher priced homes
- Carnegie Hill, Manhattan, NY: higher priced homes
- Carrollwood, Tampa, FL: less expensive homes
- Central City, Los Angeles, CA: less expensive homes
- Central Southwest, Houston, TX: less expensive homes
- Charleston Heights, Las Vegas, NV: less expensive homes
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