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 $199,961, lower than the Texas average of $235,268.
The average cost of rent is $668/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 65.98% of residents own their homes outright in Silver Lake, 26.98% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $4,775 per month. Households that rent pay about 13.99% of their income on rent here. Silver Lake's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- West Mineola, TX: less expensive homes
- Sand Flat, TX: less expensive homes
- Mineola, TX: less expensive homes
- Lawrence Springs, TX: less expensive homes
- Bright Star, TX: less expensive homes
- Jones, TX: less expensive homes
- Grand Saline, TX: less expensive homes
- Pruitt, TX: equally priced homes
- Hoard, TX: less expensive homes
- Van, TX: less expensive homes
Cities with Similar Populations
- Waterloo, OR: higher priced homes
- Cleveland, SC: less expensive homes
- Coleman, FL: less expensive homes
- Cool Springs, NC: less expensive homes
- Dale, PA: less expensive homes
- Dares Beach, MD: higher priced homes
- Deason, TN: equally priced homes
- Dodge, TX: less expensive homes
- Drumore, PA: higher priced homes
- Ehrhardt, SC: less expensive homes
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