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Silver Springs

Learn about the people, housing, costs and businesses in Silver Springs, Nevada

Median Home$262,446
Median Rent$1,238/month
Population5,162
Leading IndustriesManufacturing · Finance & Insurance · Retail1% manufacturing
Home Value Growth+7.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Silver Springs
NV

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Silver Springs?

As of today, the 30-year fixed mortgage rate for Silver Springs is approximately 6.936% (6.973% 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 Springs?

The median home value in Silver Springs is $262k. The median monthly rent is $1,238. Annual property taxes average $894. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silver Springs?

Home values in Silver Springs have increased 7.1% 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 Springs?

Based on a typical all-in ownership cost of $978/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver Springs is $57k/year.

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What industries drive the economy in Silver Springs?

The largest employment sectors in Silver Springs are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.