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Silver Grove

Learn about the people, housing, costs and businesses in Silver Grove, Kentucky

Median Home$241,700
Median Rent$1,208/month
Population1,210
Leading IndustriesEducation · Professional Services · Arts, Food & Hospitality6% education
Home Value Growth⬆⬆+17.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners74% of occupied units
NotableHighly Educated24% bachelor's · 12% graduate · top 21% nationally
Silver Grove
KY

Frequently Asked Questions

What are today's mortgage rates in Silver Grove?

As of today, the 30-year fixed mortgage rate for Silver Grove is approximately 6.778% (6.810% 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 Grove?

The median home value in Silver Grove is $242k. The median monthly rent is $1,208. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silver Grove?

Home values in Silver Grove have increased 17.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $1,174/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver Grove is $73k/year.

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What industries drive the economy in Silver Grove?

The largest employment sectors in Silver Grove are public administration (30%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.