Silver Springs, FL—34488
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silver Springs, FL
As of Oct '25, the median home price in Silver Springs, FL is $205,000, with a year-over-year change of -4.3%. This indicates that home prices in Silver Springs, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | -4.3% |
| Single Family | $235,000 | -3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $138,000 | -9.2% |
3 Bed | $266,000 | -2.9% |
4 Bed | $419,000 | -1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silver Springs, FL
As of July '25, Rentcast reports the average rent in Silver Springs, FL is $1,520, with a year-over-year rent change of -25.1%. Per bedroom, the median rent as of July '25 in Silver Springs, FL is 1-bedrooms: $954, 2-bedrooms: $1,620, 3-bedrooms: $1,670, 4-bedrooms: $2,500. The most common rental property sizes in Silver Springs, FL are 2-bedroom and 3-bedroom, accounting for 56.4% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,520 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $940 | $954 |
| 2 Bed Rent | $1,350 | $1,620 |
| 3 Bed Rent | $1,650 | $1,670 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Silver Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Silver Springs, FL is 112. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $284,000 | -15.0% |
Listing Count | 53 | 40.0% |
| Listings as % of Homes | 0.5% | 40.0% |
Days on Market | 112 | 23.0% |
Demographics — Silver Springs, FL
As of the latest ACS Survey released in 2023, Silver Springs, FL has a population of 11,500, which has increased by 9.8% over the past 5 years. Silver Springs, FL is a moderately popular place for families, as children make up 21.6% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,500 | 9.8% |
% Under 18 | 21.6% | 0.5% |
% Seniors | 25.5% | -13.0% |
% WFH | 14.9% | 93.5% |
% w/ College Degree | 19.2% | 86.4% |
As of the latest ACS Survey released in 2023, Silver Springs, FL is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Silver Springs, FL is hispanic, making up 9.1% of the population. Foreign-born residents account for 2.1% of the population in Silver Springs, FL, and this percentage has decreased by 43.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.9% | -4.8% |
% Black | 8.0% | 33.3% |
% Hispanic | 9.1% | 139.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.1% | -43.2% |
Mortgage and Risk — Silver Springs, FL
According to HUD data as of 2023, there were 128 mortgage originations in Silver Springs, FL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Silver Springs, FL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 128 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Silver Springs, FL
As of 2024, the percent of homes in Silver Springs, FL under the Section 8 program is 2.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Silver Springs, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $940 | $1,020 |
| 2 Bedroom | -$120 | $1,350 | $1,230 |
| 3 Bedroom | -$80 | $1,650 | $1,570 |
| 4 Bedroom | -$800 | $2,500 | $1,700 |
Affordability — Silver Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $205,000 |
| Median Household Income | $45,200 |