Home prices
The value of the median home in Silverton is $296,200. It is roughly $194,740 (39%) lower compared to its nearby areas.It is about $78,700 (36%) higher in comparison to the entire country, and in comparison to the city of Farmington it is about $109,400 (58%) higher.
Rents
Silverton's median rent is $1,026 per month. In comparison to the surrounding areas it is roughly $46 (4%) higher.It is approximately $36 (3%) lower in comparison to the US as a whole, and is roughly $158 (18%) higher in comparison to the city of Farmington.
Nearby places
Ophir
Ophir is approximately 8 miles west from Silverton. Housing prices there are substantially more expensive. Ophir's median home value is $625,000, which works out to $328,800 (52%) higher than Silverton. The rent there is fairly similar. The median monthly rent in Ophir is $980, which is $46 (4%) lower than Silverton.
Telluride
Telluride is roughly 11 miles northwest of Silverton. The housing prices there are a little more expensive. Telluride's median home value is $410,800, which comes out to $114,600 (27%) higher than Silverton. Rent there is a little more expensive. The median monthly rent in Telluride is $1,412, which works out to $386 (27%) higher than Silverton.
Mountain Village
Mountain Village is about 12 miles northwest from Silverton. The housing prices there are substantially more expensive. The median home in Mountain Village is valued at $739,900, which is $443,700 (59%) higher than Silverton. Rents there are a little less expensive. The median monthly rent in Mountain Village is $783, which comes out to $243 (31%) lower than Silverton.
Ouray
Ouray is about 15 miles north from Silverton. Housing prices there are a bit more expensive. The median home in Ouray is valued at $374,200, which is $78,000 (20%) higher than Silverton. Rent there is a little less expensive. The median rent in Ouray is $865 per month, which works out to $161 (18%) lower than Silverton.
Rico
Rico is roughly 19 miles southwest from Silverton. The real estate prices there are similar. Rico's median home cost is $304,800, which works out to $8,600 (2%) higher than Silverton. Rent there is a little less expensive. In Rico the median rent is $860 a month, which works out to $166 (19%) lower than Silverton.
