The typical owner-occupied home in Silver City is worth about $319,000, 27% below the Nevada median of $435,400 and 4% below the national median of $332,700. Owners pay a median $400 a year in property taxes, about 0.13% of their home's value, lower than the Nevada rate of 0.47%. The median household earns $68,056 a year, so the median home costs 4.7 times the median income (5.6 times for Nevada). 74% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Silver City at a glance
| Silver City | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $319,000 | $435,400 | $332,700 |
| Median property tax paid per year | $400 | $2,027 | $3,119 |
| Property tax as a share of value | 0.13% | 0.47% | 0.94% |
| Median household income | $68,056 | $78,260 | $80,734 |
| Homes lived in by their owners | 74% | 60% | 65% |
| Owner homes with a mortgage | 32% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,594 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 28.1% | 22.3% | 21.0% |
| Median rent | – | $1,597 | $1,413 |
| Median year homes were built | 1938 | 1996 | 1980 |
| Vacant homes | 32.4% | 9.3% | 10.1% |
| Population | 118 | 3,184,612 | 334,922,499 |
What a typical home costs per month in Silver City
At this week's average 30-year rate of 7.11%, buying the median Silver City home of $319,000 with 20% down costs about $1,884 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,416, 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 $80,753 for the 20%-down payment. That payment is 33% of the median Silver City household income of $68,056; at that income and 20% down, the 28% guideline points to a home of about $269,000.
| Down payment | $63,800 |
|---|---|
| Loan amount | $255,200 |
| Principal and interest | $1,717 |
| Property taxes (0.13% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $1,884 |
Change the numbers in the calculator
| Down payment | $11,165 |
|---|---|
| Loan amount | $313,222 |
| Principal and interest | $2,107 |
| Property taxes (0.13% a year) | $35 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,416 |
Change the numbers in the calculator
Questions about home buying in Silver City
What is the median home value in Silver City?
About $319,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Silver City?
Homeowners pay a median $400 a year, which is about 0.13% 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 City?
For the median home with 20% down at 7.11%, the payment is about $1,884 a month. Keeping that under 28% of gross income takes about $80,753 a year.
More about Silver City
- Mortgage Refinance in Silver City
- Debt Relief in Silver City
- Home Equity Loans in Silver City
- 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