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Affordable
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These days, finding an affordable place to live in the Silver Point area can be challenging. Home prices in Silver Point are now at a median cost of $304,285, lower than the Tennessee average of $315,131.
The average cost of rent is $979/mo in Silver Point, primarily driven by the current value of real estate in the Silver Point area. In Silver Point, 8.25% of households rent, and 51.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Point is $6,753 per month. Households that rent pay about 14.50% of their income on rent here. Silver Point’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Baxter, TN: less expensive homes
- Buffalo Valley, TN: less expensive homes
- Twin Oak, TN: less expensive homes
- Buckner, TN: equally priced homes
- Philippi, TN: equally priced homes
- Lancaster, TN: equally priced homes
- Sadler, TN: less expensive homes
- Temperance Hall, TN: higher priced homes
- Chestnut Mound, TN: less expensive homes
- Lancaster Hill, TN: equally priced homes
Cities with Similar Populations
- Albion, CA: higher priced homes
- Alda, NE: less expensive homes
- Allenhurst, NJ: higher priced homes
- Antonito, CO: less expensive homes
- Ashby, MN: less expensive homes
- Ashland, ME: less expensive homes
- Baileyville, ME: less expensive homes
- Barney, GA: less expensive homes
- Baxter, KY: less expensive homes
- Beechwood Village, KY: equally priced homes
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