The Most Affordable Neighborhoods in Silver Spring, NC by Home Value

 

Silver Spring, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Silver Spring area can be challenging. Home prices in Silver Spring are now at a median cost of $174,854, lower than the North Carolina average of $226,477.

The average cost of rent is $609/mo in Silver Spring, primarily driven by the current value of real estate in the Silver Spring area. While nearly 45.38% of residents own their homes outright in Silver Spring, 18.98% rent.

Housing affordability isn’t just about home prices, though. The average household income in Silver Spring is $4,922 per month. Households that rent pay about 12.38% of their income on rent here. Silver Spring's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.


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