Silver City, NM Real Estate
According to census data in the year 2000 there were 4,770 housing units in Silver City.
This represents a 12.1% growth from 4,255 in 1990.
Of those housing units, 4,578 were located in either urbanized areas or urban clusters, and 192 were located in what is classified as a rural area.
Homeownership rate in Silver City is about 64.1%.
Silver City's vacancy rate, including seasonal lodging, is about 11.6%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Silver City were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 13.60% |
| Two Bedrooms | 33.70% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $87,700 |
| Median Price asked for vacant units | $128,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 1.60% |
| Simple Mortgage | 40.50% |
| Debt Free | 52.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
