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Silvis

Learn about the people, housing, costs and businesses in Silvis, Illinois

Median Home$144,536
Median Rent$970/month
Population8,223
Leading IndustriesFinance & Insurance · Information & Media · Public Administration9% finance & insurance
Home Value Growth⬆⬆+15.6% over 2 years
Retirees27% of residentsabove average nationally
Homeowners57% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAmenity Score67/100 · highly walkable area
Silvis
IL

Frequently Asked Questions

What are today's mortgage rates in Silvis?

As of today, the 30-year fixed mortgage rate for Silvis is approximately 7.375% (7.393% 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 Silvis?

The median home value in Silvis is $145k. The median monthly rent is $970. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Silvis?

Home values in Silvis have increased 15.6% 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 Silvis?

Based on a typical all-in ownership cost of $960/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 Silvis is $56k/year.

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What industries drive the economy in Silvis?

The largest employment sectors in Silvis are public administration (27%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.