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Silver Lake

Learn about the people, housing, costs and businesses in Silver Lake, Florida

Median Home$189,100
Median Rent$1,247/month
Population2,082
Leading IndustriesTransportation · Wholesale Trade · Healthcare5% transportation
Home Value Growth+6.0% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners89% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Silver Lake
FL

Frequently Asked Questions

What are today's mortgage rates in Silver Lake?

As of today, the 30-year fixed mortgage rate for Silver Lake is approximately 6.942% (6.980% 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 Lake?

The median home value in Silver Lake is $189k. The median monthly rent is $1,247. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silver Lake?

Home values in Silver Lake have increased 6.0% over the past two years. This represents moderate growth. 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 Lake?

Based on a typical all-in ownership cost of $966/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver Lake is $60k/year.

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What industries drive the economy in Silver Lake?

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