Silver Lake, NC is a great place to live and invest in real estate. The median value of housing in Silver Lake is around $223,300, which is significantly lower than the US house median value of $338,100. Not only is it cheaper to buy a home in Silver Lake compared to the national average, but the 1 year appreciation rate of 18.56% is much higher than the national average of 8.27%. This makes Silver Lake an attractive option for those looking to purchase real estate as they can expect good returns on their investment.
The median home cost in Silver Lake is $223,300. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Silver Lake is up 24.7%.
Average Age of Homes
- The median age of Silver Lake real estate is 25 years old
The Rental Market in Silver Lake
- Renters make up 29.1% of the Silver Lake population
- 1.2% of houses and apartments in Silver Lake, 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.