Silver Springs Shores, Florida Real Estate & Housing Market

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Silver Springs Shores Housing Information

Index	Silver Springs Shores	Florida	National
Median home price	$75,200	$166,800	$184,700
Median rent asked	$894	$1,032	$949
Avg. people per household	2.7	2.6	2.6
Owner occupied households	64.3%	64.8%	63.6%
Renter occupied households	35.7%	35.2%	36.4%

A general overview of the Silver Springs Shores, FL real estate market is displayed above. The median home price for homes in Silver Springs Shores, FL is $75,200, which is 55% lower than the Florida average. This means that real estate in the Silver Springs Shores, FL area is generally more affordable than the rest of Florida. The median rent price in Silver Springs Shores, FL is $894 which is 13% lower than the Florida average. In Silver Springs Shores, FL, 64.3% of people are home owners and an average of 2.7 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Silver Springs Shores, FL. We make it easy to find Silver Springs Shores, FL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Silver Springs Shores Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Silver Springs Shores, FL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Silver Springs Shores, FL is $75,200 and the median household income is $26,909. This results in a home price to income ratio of 2.8x, which is 18% lower than the Florida average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Silver Springs Shores, FL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Silver Springs Shores, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Belleview, FL	4,689	$89,900	51%
Ocala, FL	57,873	$120,700	35%
Lady Lake, FL	14,501	$129,100	30%
The Villages, FL	69,457	$246,800	34%
Silver Springs Shores, FL	7,929	$75,200	59%

Cities with similar population

City, State	Population	Home Price	National Avg.
Antigo, WI	7,930	$77,400	58%
Lacombe, LA	7,930	$153,500	17%
Temple Hills, MD	7,927	$240,900	30%
Houghton, MI	7,924	$138,500	25%
Fern Park, FL	7,924	$155,300	16%
Silver Springs Shores, FL	7,929	$75,200	59%

Source: The Silver Springs Shores, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).