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Affordable
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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 $109,901, lower than the Florida average of $396,783.
The average cost of rent is $1,090/mo in Silver Springs, primarily driven by the current value of real estate in the Silver Springs area. In Silver Springs, 28.90% of households rent, and 66.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Springs is $4,381 per month. Households that rent pay about 24.89% of their income on rent here. Silver Springs’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
- Lynne, FL: less expensive homes
- Burbank, FL: higher priced homes
- Silver Springs Shores, FL: higher priced homes
- Eureka, FL: higher priced homes
- Anthony, FL: higher priced homes
- Ocala, FL: higher priced homes
- Fort Mc Coy, FL: higher priced homes
- Kerr City, FL: less expensive homes
- Salt Springs, FL: higher priced homes
- Citra, FL: higher priced homes
Cities with Similar Populations
- Flossmoor, IL: higher priced homes
- Grover, MO: higher priced homes
- Grosse Pointe, MI: higher priced homes
- Fowler, CA: higher priced homes
- Fort Stewart, GA: higher priced homes
- Fort Polk South, LA: higher priced homes
- Fort Pierce North, FL: higher priced homes
- Fort Irwin, CA: higher priced homes
- Fort Gibson, OK: higher priced homes
- Fort Edward, NY: higher priced homes
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