There are currently 371 real estate properties in Silver Springs, NY, with a median automated valuation model (AVM) price of $119,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Silver Springs, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Silver Springs, NY, is $144,644.00, with the most expensive house in Silver Springs, NY, topping out at $589,800.00 and the cheapest home in Silver Springs, NY, clocking in at $49,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Silver Springs, NY!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silver Springs, NY, is on a rollercoaster ride. The average rent price in Silver Springs, NY, is $1,126.00. Indeed, when looking to rent in Silver Springs, NY, you can expect to pay as little as $860.00 or as much as $1,540.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Silver Springs, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Silver Springs, NY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Silver Springs, NY and much more. Save thousands at closing with home foreclosure listings in Silver Springs, NY — up to 75% off market value!
Silver Springs is located in Wyoming, New York, with an estimated municipal population of 732 residents. All of the best foreclosed homes for sale in Silver Springs are located in the following zip code areas on Foreclosure.com: 14550. The estimated population per square kilometer (.62 miles) in Silver Springs is 296.
So, about how much do homes cost in Silver Springs? The most recent median value of resident-owned homes in Silver Springs is 70,833. An estimated 59.2 percent of households in Silver Springs own their homes, with an average family size of 3.07. The median household income in Silver Springs is 28,393, with9.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Silver Springs, the median commute time of resident workers (in minutes) is 20.3. And last, but certainly not least, are you looking for homes to rent in Silver Springs? If so, the average rent price paid by renters in Silver Springs is 575, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Silver Springs, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Silver Springs is 41, split between 45 percent male versus 55 female. The percentage of residents who report being married in Silver Springs is 25.7, with an average family size of 3.07.
The percentage of residents who report their race in Silver Springs is as follows:
|Black / African American||3.3%|
|American Indian / Alaskan Native||5.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Silver Springs? Or maybe you are searching for 55+ active adult communities in and/or near Silver Springs?
The percentage of residents who report their age in Silver Springs is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Silver Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Silver Springs.
How do you know that living in -- or moving to -- Silver Springs is right where you need to be? Perhaps you grew up in Silver Springs or already live nearby; therefore, the decision to buy a home in Silver Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Silver Springs for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Silver Springs:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Silver Springs.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Silver Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Silver Springs, meanwhile, can field multiple offers from more qualified buyers.
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