The housing market in Silver Lake, OR is thriving, with the median value of homes coming in at $191,700- significantly lower than the US House Median Value of $338,100. Despite this difference in median value, house appreciation over the last year has been strong in Silver Lake, OR at 9.53%, just higher than the US 1 year House Appreciation rate of 8.27%. Silver Lake is a great place to invest in real estate with great potential for appreciation and lower prices compared to other areas of the country.
The median home cost in Silver Lake is $191,700. Home appreciation the last 10 years has been 126.0%. Home Appreciation in Silver Lake is up 16.0%.
Average Age of Homes
- The median age of Silver Lake real estate is 24 years old
The Rental Market in Silver Lake
- Renters make up 40.7% of the Silver Lake population
- 16.8% 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.