Affordable
Expensive
Expensive
Colorblind friendly
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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 $328,538, lower than the Wilmington average of $396,932.
The average cost of rent is $1,469/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. In Silver Lake, 43.29% of households rent, and 26.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $5,797 per month. Households that rent pay about 25.35% of their income on rent here. Silver Lake’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- South Side, Wilmington, NC: equally priced homes
- College Park, Wilmington, NC: less expensive homes
- Carolina Heights, Wilmington, NC: less expensive homes
- Landfall, Wilmington, NC: higher priced homes
- Wrightsboro, Wilmington, NC: less expensive homes
- Bayshore, Wilmington, NC: higher priced homes
- Downtown Columbia, Columbia, SC: less expensive homes
- The Congaree Vista, Columbia, SC: equally priced homes
- Three Points, Columbia, SC: less expensive homes
- Broadacres Homes, Athens, GA: higher priced homes
Neighborhoods with Similar Populations
- Claytown, Detroit, MI: less expensive homes
- Greater Gardendale, San Antonio, TX: less expensive homes
- Jordan, Minneapolis, MN: less expensive homes
- Oak Park-Northwood, San Antonio, TX: higher priced homes
- Avenues West, Milwaukee, WI: less expensive homes
- Yerdemont, San Bernardino, CA: higher priced homes
- Windsor Park, Charlotte, NC: equally priced homes
- West University Austin, Austin, TX: higher priced homes
- West Ravenswood, Chicago, IL: higher priced homes
- West Garfield Park, Chicago, IL: less expensive homes
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