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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 $269,836, lower than the Nevada average of $441,980.
The average cost of rent is $1,245/mo in Silver Springs, primarily driven by the current value of real estate in the Silver Springs area. In Silver Springs, 14.94% of households rent, and 42.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silver Springs is $4,298 per month. Households that rent pay about 28.96% of their income on rent here. Silver Springs’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stagecoach, NV: higher priced homes
- Fernley, NV: higher priced homes
- Hazen, NV: higher priced homes
- Dayton, NV: higher priced homes
- Silver City, NV: higher priced homes
- Wadsworth, NV: equally priced homes
- Virginia City, NV: higher priced homes
- Wabuska, NV: less expensive homes
- Fallon, NV: higher priced homes
- Fallon Naval Air Station, NV: higher priced homes
Cities with Similar Populations
- Farmington, NH: equally priced homes
- Fair Grove, MO: equally priced homes
- Fair Haven, MI: less expensive homes
- Fair Haven, NJ: higher priced homes
- Fairfield, ME: less expensive homes
- Fairfield, TX: less expensive homes
- Fairview, GA: less expensive homes
- Fairview, NY: equally priced homes
- Falcon Heights, MN: higher priced homes
- Falfurrias, TX: less expensive homes
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