The housing market in 46982 Silver Lake, IN is robust and growing rapidly. The median value of houses in the area is $154,000, which is significantly lower than the US median house value of $338,100. However, the appreciation rate for homes in 46982 Silver Lake, IN has been higher than the national average at 9.99%, compared to 8.27%. This suggests that housing prices in the area have increased more quickly than across the country over the past year. Therefore, this makes 46982 Silver Lake, IN a prime location for people looking to invest in real estate and take advantage of a booming housing market.
The median home cost in Silver Lake (zip 46982) is $154,000. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Silver Lake (zip 46982) is up 10.5%.
Average Age of Homes
- The median age of Silver Lake (zip 46982) real estate is 56 years old
The Rental Market in Silver Lake (zip 46982)
- Renters make up 10.7% of the Silver Lake (zip 46982) population
- 0.0% of houses and apartments in Silver Lake (zip 46982), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.