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 $124,500, lower than the West Virginia average of $138,399.
The average cost of rent is $750/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 61.92% of residents own their homes outright in Silver Lake, 29.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $6,635 per month. Households that rent pay about 11.30% of their income on rent here. Silver Lake's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Eglon, WV: equally priced homes
- Shafer, WV: equally priced homes
- William, WV: higher priced homes
- Pierce, WV: less expensive homes
- Aurora, WV: less expensive homes
- Turner Douglass, WV: less expensive homes
- Thomas, WV: less expensive homes
- Lead Mine, WV: higher priced homes
- Gortner, MD: higher priced homes
- Bayard, WV: less expensive homes
Cities with Similar Populations
- Brittontown, TN: equally priced homes
- Whelen Springs, AR: equally priced homes
- White Sulphur Springs, GA: less expensive homes
- Wilbren, OH: equally priced homes
- Burkett, TX: higher priced homes
- Burdick, KS: less expensive homes
- Buckhorn, CA: higher priced homes
- Bryson, CA: higher priced homes
- Bryan, PA: less expensive homes
- Brunot, MO: less expensive homes
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