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Silver Springs Shores

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

Median Home$194,415
Median Rent$1,514/month
Population28,199
Leading IndustriesPublic Administration · Manufacturing · Arts, Food & Hospitality28% public administration
Home Value Growth⬆⬆+19.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners78% of occupied units
Silver Springs Shores
FL

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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 Shores?

As of today, the 30-year fixed mortgage rate for Silver Springs Shores is approximately 6.965% (7.004% 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 Shores?

The median home value in Silver Springs Shores is $194k. The median monthly rent is $1,514. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silver Springs Shores?

Home values in Silver Springs Shores have increased 19.1% 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 Springs Shores?

Based on a typical all-in ownership cost of $1,111/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver Springs Shores is $66k/year.

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What industries drive the economy in Silver Springs Shores?

The largest employment sectors in Silver Springs Shores are public administration (28%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.