Silver City Metro Area, NM Housing

The housing market in Silver City, New Mexico Metro Area is strong, with a median value of $172,400. This is much lower than the US House Median Value of $338,100. However, the 1 year House Appreciation rate in Silver City Metro Area is 9.54%, which is higher than the national average of 8.27%. This shows that the housing market in this area is doing well and growing at a healthy rate.

The median home cost in Silver City Metro Area is $172,400. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Silver City Metro Area is up 18.3%.

Average Age of Homes

- The median age of Silver City Metro Area real estate is 40 years old

The Rental Market in Silver City Metro Area

- Renters make up 20.3% of the Silver City Metro Area population
- 2.2% of houses and apartments in Silver City Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Silver City, New Mexico	United States
	14,628.0	139,647,020.0
	46	42
	$172,400	$338,100
	18.3%	16.6%
	57.5%	57.0%
	65.2%	101.1%
	$5.23	$10.98
	$654	$2,690
	52.3%	57.4%
	23.8%	11.2%
	23.9%	31.4%
Vacant Housing
	2.2%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.2%	0.4%
	5.3%	3.6%
	14.9%	4.1%
Value of Owner-Occupied Housing
	6.3%	2.6%
	4.7%	2.4%
	8.6%	2.8%
	7.9%	3.9%
	10.6%	4.5%
	19.7%	11.3%
	12.7%	13.0%
	16.8%	20.1%
	10.0%	13.6%
	1.7%	8.3%
	0.7%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	14.3%	13.6%
	16.1%	13.2%
	20.2%	14.8%
	14.3%	13.6%
	11.6%	10.0%
	6.5%	4.7%
	11.0%	12.2%

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