Silver Springs, NY is a great place to live for those looking to buy a house. The median value of housing in this area is $141,700, which is significantly lower than the national median value of $338,100. This makes it an affordable option for many people. In addition, the one-year appreciation rate of houses in Silver Springs has been higher than the national average at 14.78%, which means that those who purchase property here are likely to see a greater return on their investment. With all these factors considered, it's clear why Silver Springs is an attractive option for potential home owners.
The median home cost in Silver Springs is $141,700. Home appreciation the last 10 years has been 68.7%. Home Appreciation in Silver Springs is up 15.3%.
Average Age of Homes
- The median age of Silver Springs real estate is 74 years old
The Rental Market in Silver Springs
- Renters make up 25.6% of the Silver Springs population
- 2.5% of houses and apartments in Silver Springs, 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.