Silver Hill, MD is a great place to buy a home, as the median value of $266,100 is significantly lower than the US median value of $338,100. Although the 1 year house appreciation rate is slightly lower in Silver Hill at 6.91%, it's still higher than inflation and therefore still a good investment. With its relatively low cost of living and access to plenty of amenities, Silver Hill has become an attractive option for potential homeowners in recent years.
The median home cost in Silver Hill is $266,100. Home appreciation the last 10 years has been 86.5%. Home Appreciation in Silver Hill is up 10.7%.
Average Age of Homes
- The median age of Silver Hill real estate is 48 years old
The Rental Market in Silver Hill
- Renters make up 55.0% of the Silver Hill population
- 5.1% of houses and apartments in Silver Hill, 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.