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 $168,479, lower than the Oregon average of $365,363.
The average cost of rent is $835/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 62.47% of residents own their homes outright in Silver Lake, 45.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $3,790 per month. Households that rent pay about 22.04% of their income on rent here. Silver Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Christmas Valley, OR: equally priced homes
- Fort Rock, OR: equally priced homes
- Summer Lake, OR: less expensive homes
- Paisley, OR: less expensive homes
- Gilchrist, OR: higher priced homes
- Hampton, OR: higher priced homes
- Diamond Lake, OR: equally priced homes
- Brothers, OR: higher priced homes
- La Pine, OR: higher priced homes
- Crescent, OR: higher priced homes
Cities with Similar Populations
- Peaks Island, ME: higher priced homes
- Renova, MS: less expensive homes
- Remer, MN: higher priced homes
- Reiles Acres, ND: higher priced homes
- Ray, OH: less expensive homes
- Ravenden, AR: less expensive homes
- Quinebaug, CT: higher priced homes
- Puako, HI: higher priced homes
- Premium, KY: less expensive homes
- Revere, PA: higher priced homes
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