Home prices
The median home in Silver City is valued at $134,400. Compared to nearby areas it is about $24,420 (22%) higher.Compared to the entire country it is approximately $83,100 (38%) lower, and it is approximately $39,200 (41%) higher in comparison to the city of Deming.
Rents
The median monthly rent in Silver City is $666. In comparison to its surrounding areas this is approximately $211 (24%) lower.Compared to the US as a whole it is about $396 (37%) lower, and compared to the city of Deming is about $148 (28%) higher.
Nearby places
Arenas Valley
Arenas Valley is Silver City's neighbor to the east. Real estate prices there are a little more expensive. The median home in Arenas Valley costs $168,300, which is $33,900 (20%) higher than Silver City. Its rents are substantially more expensive. Arenas Valley's median monthly rent is $1,279, which comes out to $613 (47%) higher than Silver City.
Tyrone
Tyrone is about 5 miles south from Silver City. The real estate prices there are similar. The median home in Tyrone is valued at $131,500, which works out to $2,900 (2%) lower than Silver City. Its rents are a bit more expensive. In Tyrone the median monthly rent is $930, which works out to $264 (28%) higher than Silver City.
Santa Clara
Santa Clara is about 5 miles east from Silver City. Its real estate prices are significantly less expensive. The median home in Santa Clara is valued at $79,000, which is $55,400 (70%) lower than Silver City. Rents there are a little more expensive. In Santa Clara the median monthly rent is $714, which comes out to $48 (6%) higher than Silver City.
Bayard
Bayard is about 7 miles east from Silver City. Its real estate prices are significantly less expensive. The price of the median home in Bayard is $89,100, which is $45,300 (50%) lower than Silver City. Rent there is similar. In Bayard the median monthly rent is $636, which is $30 (4%) lower than Silver City.
Hurley
Hurley is roughly 9 miles southeast from Silver City. Its housing prices are significantly less expensive. Hurley's median home cost is $82,000, which works out to $52,400 (63%) lower than Silver City. Its rents are a bit more expensive. Hurley's median monthly rent is $828, which is $162 (19%) higher than Silver City.
