Silver Lake, OH is a great place for those looking to purchase a home. The median value of homes in the area is $292,300, which is significantly lower than the US median house value of $338,100. Furthermore, housing has appreciated by 11.04% in Silver Lake over the last year, which is higher than the nationwide rate of 8.27%. With strong appreciation and affordable pricing, Silver Lake is an ideal place to purchase a new home.
The median home cost in Silver Lake is $292,300. Home appreciation the last 10 years has been 77.7%. Home Appreciation in Silver Lake is up 14.6%.
Average Age of Homes
- The median age of Silver Lake real estate is 60 years old
The Rental Market in Silver Lake
- Renters make up 6.9% of the Silver Lake population
- 0.8% 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.