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Silver

Learn about the people, housing, costs and businesses in Silver, Mississippi

Median Home$100,000
Median Rent$609/month
Population215
Leading IndustriesPublic Administration · Retail30% public administration
Retirees25% of residentsabove average nationally
Homeowners70% of occupied units
NotableTransit85/100 · excellent transit access
NotableAffordable Market$100k median home · lower cost than 92% of the country
Silver City
MS

Frequently Asked Questions

What are today's mortgage rates in Silver?

As of today, the 30-year fixed mortgage rate for Silver is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Silver?

The median home value in Silver is $100k. The median monthly rent is $609. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Silver?

Based on a typical all-in ownership cost of $704/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver is $29k/year.

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What industries drive the economy in Silver?

The largest employment sectors in Silver are public administration (30%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.