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These days, finding an affordable place to live in the Silver Springs area can be challenging. Home prices in Silver Springs are now at a median cost of $669,357, higher than the Colorado average of $579,698.
The average cost of rent is $2,359/mo in Silver Springs, primarily driven by the current value of real estate in the Silver Springs area. In Silver Springs, 11.07% of households rent, and 22.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Springs is $11,250 per month. Households that rent pay about 20.97% of their income on rent here. Silver Springs’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bailey, CO: less expensive homes
- Pine, CO: equally priced homes
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- Brook Forest, CO: higher priced homes
- Sphinx Park, CO: equally priced homes
- Conifer, CO: higher priced homes
- Shawnee, CO: less expensive homes
Cities with Similar Populations
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- Peach Creek, WV: less expensive homes
- Passaic, MO: less expensive homes
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