Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,443, 3,818 total housing units (homes and apartments), and a median house value of $593,300, real estate costs in Silverton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.
Single-family detached homes are the single most common housing type in Silverton, accounting for 66.45% of the city's housing units. Other types of housing that are prevalent in Silverton include duplexes, homes converted to apartments or other small apartment buildings ( 14.29%), large apartment complexes or high rise apartments ( 11.41%), and a few row houses and other attached homes ( 4.58%).
The most prevalent building size and type in Silverton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.67% owning and 40.33% renting.
There is a lot of housing in Silverton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Silverton built between 2000 and later ( 29.59%). A lesser amount of the housing stock also hails from before 1939 ( 23.80%). There's also some housing in Silverton built between 1940-1969 ( 12.65%).
In the last 10 years, Silverton has experienced some of the highest home appreciation rates of any community in the nation. Silverton real estate appreciated 137.14% over the last ten years, which is an average annual home appreciation rate of 9.02%, putting Silverton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Silverton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Silverton's appreciation rate, at 5.43%, has been at or slightly above the national average. In the latest quarter, Silverton's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.
Notably, Silverton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Silverton's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
$593,300
for Oregon
for nation
3,818
$1,702 / per month