The housing market in Silver Lake, KS is very strong. The median value of a house in Silver Lake, KS is $245,500 which is significantly lower than the US House Median Value of $338,100. Additionally, the one year appreciation rate for houses in Silver Lake, KS is 11.29%, which is significantly higher than the US one year appreciation rate of 8.27%. This shows that housing values are increasing rapidly and it could be a great time to invest in real estate in Silver Lake, KS.
The median home cost in Silver Lake is $245,500. Home appreciation the last 10 years has been 53.7%. Home Appreciation in Silver Lake is up 13.8%.
Average Age of Homes
- The median age of Silver Lake real estate is 44 years old
The Rental Market in Silver Lake
- Renters make up 25.8% of the Silver Lake population
- 1.6% 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.