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Silverton

Learn about the people, housing, costs and businesses in Silverton, Oregon

Median Home$498,136
Median Rent$1,566/month
Population9,903
Leading IndustriesEducation · Arts, Food & Hospitality2% education
Home Value Growth⬆⬆+14.0% over 2 years
Retirees27% of residentsabove average nationally
Homeowners65% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Silverton
OR

Frequently Asked Questions

What are today's mortgage rates in Silverton?

As of today, the 30-year fixed mortgage rate for Silverton is approximately 6.847% (6.881% 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 Silverton?

The median home value in Silverton is $498k. The median monthly rent is $1,566. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silverton?

Home values in Silverton have increased 14.0% 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 Silverton?

Based on a typical all-in ownership cost of $1,564/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silverton is $88k/year.

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What industries drive the economy in Silverton?

The largest employment sectors in Silverton are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.