
Home Price Key
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 $256,514, higher than the Ohio average of $181,280.
The average cost of rent is $1,509/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 33.27% of residents own their homes outright in Silver Lake, 8.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $10,303 per month. Households that rent pay about 14.65% of their income on rent here. Silver Lake's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Munroe Falls, OH: less expensive homes
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- Peninsula, OH: higher priced homes
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- Sugar Bush Knolls, OH: equally priced homes
- Hudson, OH: higher priced homes
- Akron, OH: less expensive homes
- Twin Lakes, OH: less expensive homes
Cities with Similar Populations
- Weston, OH: less expensive homes
- Penndel, PA: equally priced homes
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- Irvington, KY: less expensive homes
- Inkom, ID: equally priced homes
- Greenwood, FL: less expensive homes
- Goshen, AR: higher priced homes
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