Home prices
Silver Lake's median home cost is $174,600. Compared to its nearby areas it is roughly $96,500 (35%) lower.In comparison to the country as a whole it is about $42,900 (19%) lower, and in comparison to the city of Fayetteville is roughly $43,600 (33%) higher.
Rents
In Silver Lake the median rent is $1,058 a month. In comparison to the surrounding areas this is is very similar.Compared to the entire nation it is is very similar, and in comparison to the city of Fayetteville it is roughly $111 (11%) higher.
Nearby places
Myrtle Grove
Myrtle Grove is Silver Lake's neighbor to the southeast. Its real estate prices are a lot more expensive. The median home in Myrtle Grove is valued at $280,500, which works out to $105,900 (37%) higher than Silver Lake. Its rents are a little more expensive. Myrtle Grove's median monthly rent is $1,180, which works out to $122 (10%) higher than Silver Lake.
Wilmington
Wilmington is Silver Lake's neighbor to the north. Its housing prices are somewhat more expensive. The median home price in Wilmington is $246,400, which is $71,800 (29%) higher than Silver Lake. Rent there is a bit less expensive. Wilmington's median rent is $998 a month, which works out to $60 (6%) lower than Silver Lake.
Sea Breeze
Sea Breeze is about 5 miles south of Silver Lake. Its real estate prices are substantially more expensive. The median home price in Sea Breeze is $297,900, which works out to $123,300 (41%) higher than Silver Lake. The rent there is significantly less expensive. Sea Breeze's median monthly rent is $642, which works out to $416 (64%) lower than Silver Lake.
Belville
Belville is about 7 miles northwest from Silver Lake. Its housing prices are fairly similar. The median home in Belville costs $177,600, which works out to $3,000 (1%) higher than Silver Lake. Its rents are somewhat more expensive. The median monthly rent in Belville is $1,351, which works out to $293 (21%) higher than Silver Lake.
Carolina Beach
Carolina Beach is approximately 7 miles south from Silver Lake. The real estate prices there are a lot more expensive. Carolina Beach's median home price is $353,100, which is $178,500 (50%) higher than Silver Lake. The rent there is somewhat more expensive. In Carolina Beach the median monthly rent is $1,153, which comes out to $95 (8%) higher than Silver Lake.
