The housing market in Silex, MO is booming. The median value of houses in the area is $288,000, which is significantly lower than the US house median value of $338,100. This makes Silex a desirable place to live for those looking for an affordable home. In addition to this, the one-year house appreciation rate in Silex is 13.08%, much higher than the US average of 8.27%. This means that not only can one purchase a great home at an affordable price in Silex, but it's also an excellent investment as well.
The median home cost in Silex is $288,000. Home appreciation the last 10 years has been 82.8%. Home Appreciation in Silex is up 13.2%.
Average Age of Homes
- The median age of Silex real estate is 24 years old
The Rental Market in Silex
- Renters make up 6.8% of the Silex population
- 37.1% of houses and apartments in Silex, 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.