Silver Point renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Silver Point is about $856 per month. This puts it in the 75th percentile compared to the state average cost of rent, which is $1,035. Households in Silver Point have a median income of $5,253 per month so the average renter in Silver Point is spending roughly 16% of their earnings on housing.
Nationally, and in Silver Point, home values are the data point most closely correlated with the cost of rent. The median price of a home in Silver Point is $190,279 right now, which is higher than nearby cities, meaning that rents in Silver Point also tend to be higher versus these nearby cities.
Higher rent prices are common in the southern parts of Silver Point while lower rent rates are often available in central areas.
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