
Home Price Key
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.
Nearby Cities
- Addor, NC: higher priced homes
- Pinebluff, NC: equally priced homes
- Ashley Heights, NC: less expensive homes
- Aberdeen, NC: higher priced homes
- Hoffman, NC: less expensive homes
- Southern Pines, NC: higher priced homes
- Montrose, NC: higher priced homes
- Pinehurst, NC: higher priced homes
- Foxfire, NC: higher priced homes
- Marston, NC: less expensive homes
Cities with Similar Populations
- Ouzinkie, AK: higher priced homes
- Prairie City, IL: less expensive homes
- Powellton, WV: less expensive homes
- Poe, IN: equally priced homes
- Plymouth, UT: higher priced homes
- Plattenville, LA: less expensive homes
- Plainfield, OH: less expensive homes
- Pine Village, IN: less expensive homes
- Petrolia, KS: less expensive homes
- Petersburgh, OH: less expensive homes
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