The typical owner-occupied home in Silver Creek is worth about $114,300, 33% below the Mississippi median of $169,800 and 66% below the national median of $332,700. Owners pay a median $900 a year in property taxes, about 0.79% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $36,875 a year, so the median home costs 3.1 times the median income (3.0 times for Mississippi). 95% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Silver Creek at a glance
| Silver Creek | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $114,300 | $169,800 | $332,700 |
| Median property tax paid per year | $900 | $1,215 | $3,119 |
| Property tax as a share of value | 0.79% | 0.72% | 0.94% |
| Median household income | $36,875 | $56,447 | $80,734 |
| Homes lived in by their owners | 95% | 70% | 65% |
| Owner homes with a mortgage | 41% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $980 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 19.8% | 21.0% |
| Median rent | – | $954 | $1,413 |
| Median year homes were built | 1958 | 1986 | 1980 |
| Vacant homes | 21.9% | 14.6% | 10.1% |
| Population | 175 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Silver Creek
At this week's average 30-year rate of 7.11%, buying the median Silver Creek home of $114,300 with 20% down costs about $738 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $928, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,628 for the 20%-down payment. That payment is 24% of the median Silver Creek household income of $36,875; at that income and 20% down, the 28% guideline points to a home of about $133,000.
| Down payment | $22,860 |
|---|---|
| Loan amount | $91,440 |
| Principal and interest | $615 |
| Property taxes (0.79% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $738 |
Change the numbers in the calculator
| Down payment | $4,000 |
|---|---|
| Loan amount | $112,230 |
| Principal and interest | $755 |
| Property taxes (0.79% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $928 |
Change the numbers in the calculator
Questions about home buying in Silver Creek
What is the median home value in Silver Creek?
About $114,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Silver Creek?
Homeowners pay a median $900 a year, which is about 0.79% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Silver Creek?
For the median home with 20% down at 7.11%, the payment is about $738 a month. Keeping that under 28% of gross income takes about $31,628 a year.
More about Silver Creek
- Mortgage Refinance in Silver Creek
- Debt Relief in Silver Creek
- Home Equity Loans in Silver Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data