The housing market in Silver Lakes, CA is very strong. The median value of homes in this city is $317,000, which is lower than the US median value of $338,100. However, the appreciation rate for housing in Silver Lakes is much higher than the national rate at 10.27%. This means that the value of homes in the area are increasing more quickly than other parts of the country which makes it a great option for potential home buyers.
The median home cost in Silver Lakes is $317,000. Home appreciation the last 10 years has been 189.0%. Home Appreciation in Silver Lakes is up 16.6%.
Average Age of Homes
- The median age of Silver Lakes real estate is 27 years old
The Rental Market in Silver Lakes
- Renters make up 21.9% of the Silver Lakes population
- 5.1% of houses and apartments in Silver Lakes, 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.