Silver Lake, SD is a great place to buy a home. Its median home value is significantly lower than the US median value of $338,100, making it more affordable for many buyers. Despite the lower cost of homes in Silver Lake, the 1 year house appreciation rate in the area is actually higher than the national average at 13.92%, suggesting that housing is becoming increasingly valuable over time. This makes buying a home in Silver Lake an even better investment and provides potential buyers with the opportunity to take advantage of good market conditions.
The median home cost in Silver Lake is $239,100. Home appreciation the last 10 years has been 85.6%. Home Appreciation in Silver Lake is up 17.5%.
Average Age of Homes
- The median age of Silver Lake real estate is 76 years old
The Rental Market in Silver Lake
- Renters make up 29.1% of the Silver Lake population
- 0.0% 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.