Similar to its surrounding areas, it is significantly less expensive compared to the entire country. Compared to the city of Jackson however, it is a little less expensive.
Home prices
The median home in Silver City is valued at $65,000. In comparison to its surrounding areas it is roughly $1,240 (1%) higher.It is about $152,500 (70%) lower in comparison to the entire nation, and it is approximately $25,700 (28%) lower compared to the city of Jackson.
Rents
The median rent in Silver City is $292 per month. Compared to nearby areas it is approximately $226 (43%) lower.In comparison to the US as a whole it is about $770 (72%) lower, and compared to the city of Jackson it is about $555 (65%) lower.
Nearby places
Belzoni
Belzoni is approximately 6 miles north of Silver City. The housing prices there are pretty similar. Belzoni's median home price is $67,900, which comes out to $2,900 (4%) higher than Silver City. Rents there are significantly more expensive. Belzoni's median monthly rent is $720, which comes out to $428 (59%) higher than Silver City.
Louise
Louise is roughly 9 miles southwest from Silver City. Its housing prices are a lot less expensive. The value of the median home in Louise is $47,500, which is $17,500 (36%) lower than Silver City. Its rents are somewhat more expensive. Louise's median monthly rent is $382, which comes out to $90 (23%) higher than Silver City.
Tchula
Tchula is about 15 miles northeast of Silver City. Its real estate prices are a bit less expensive. Tchula's median home value is $58,200, which is $6,800 (11%) lower than Silver City. Its rents are somewhat more expensive. Tchula's median monthly rent is $325, which is $33 (10%) higher than Silver City.
Yazoo City
Yazoo City is roughly 17 miles south of Silver City. Its real estate prices are somewhat more expensive. The median home in Yazoo City costs $70,900, which is $5,900 (8%) higher than Silver City. Rents there are a lot more expensive. Yazoo City's median monthly rent is $625, which works out to $333 (53%) higher than Silver City.
Hollandale
Hollandale is about 19 miles west from Silver City. Housing prices there are somewhat more expensive. Hollandale's median home cost is $74,300, which works out to $9,300 (12%) higher than Silver City. The rent there is significantly more expensive. Hollandale's median monthly rent is $540, which is $248 (45%) higher than Silver City.
