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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 $302,571, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,219/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. In Silver Lake, 13.26% of households rent, and 46.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $6,821 per month. Households that rent pay about 17.88% of their income on rent here. Silver Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Salem, WI: higher priced homes
- Wilmot, WI: equally priced homes
- Trevor, WI: equally priced homes
- Paddock Lake, WI: less expensive homes
- New Munster, WI: higher priced homes
- Channel Lake, IL: less expensive homes
- Wheatland, WI: higher priced homes
- Twin Lakes, WI: equally priced homes
- Lake Shangrila, WI: equally priced homes
- Powers Lake, WI: higher priced homes
Cities with Similar Populations
- Van Vleck, TX: less expensive homes
- Doniphan, MO: less expensive homes
- East Pittsburgh, PA: less expensive homes
- Fryeburg, ME: less expensive homes
- Gresham, SC: less expensive homes
- Lowgap, NC: less expensive homes
- New Miami, OH: less expensive homes
- Oak Creek, CO: higher priced homes
- Rockwood, PA: less expensive homes
- Shellsburg, IA: equally priced homes
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