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These days, finding an affordable place to live in the Silverton area can be challenging. Home prices in Silverton are now at a median cost of $432,500, lower than the Colorado average of $579,698.
The average cost of rent is $992/mo in Silverton, primarily driven by the current value of real estate in the Silverton area. In Silverton, 47.12% of households rent, and 61.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Silverton is $6,485 per month. Households that rent pay about 15.30% of their income on rent here. Silverton’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pandora, CO: higher priced homes
- Ophir, CO: higher priced homes
- Telluride, CO: higher priced homes
- Mountain Village, CO: higher priced homes
- Ironton, CO: higher priced homes
- Sawpit, CO: higher priced homes
- Dunton, CO: equally priced homes
- Creede, CO: equally priced homes
- City of Creede, CO: equally priced homes
- Summitville, CO: higher priced homes
Cities with Similar Populations
- Nibbyville, IN: less expensive homes
- Osierfield, GA: less expensive homes
- Ormas, IN: less expensive homes
- Orleans, CA: less expensive homes
- Orlando, KY: less expensive homes
- Orestes, IN: less expensive homes
- Onyx, CA: less expensive homes
- Oliver Beach, MD: less expensive homes
- Oakman, OK: less expensive homes
- Oak Vale, MS: less expensive homes
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