Silver City, NM is a great place to live and invest in property. The median value of housing in the area is $217,000, which is significantly lower than the US median value of $338,100. Additionally, over the past year house appreciation in Silver City has been 16.79%, much higher than the national average of 8.27%. This makes Silver City an attractive option for homebuyers looking for a great deal on a new home.
The median home cost in Silver City is $217,000. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Silver City is up 18.3%.
Average Age of Homes
- The median age of Silver City real estate is 43 years old
The Rental Market in Silver City
- Renters make up 29.4% of the Silver City population
- 2.0% of houses and apartments in Silver City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.