Silver Springs, NV—89429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silver Springs, NV
As of Oct '25, the median home price in Silver Springs, NV is $339,000, with a year-over-year change of 1.4%. This indicates that home prices in Silver Springs, NV are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 1.4% |
| Single Family | $339,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 0.4% |
3 Bed | $367,000 | 2.8% |
4 Bed | $431,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silver Springs, NV
As of July '25, Rentcast reports the average rent in Silver Springs, NV is $1,880, with a year-over-year rent change of 9.9%. Per bedroom, the median rent as of July '25 in Silver Springs, NV is 3-bedrooms: $1,870, 4-bedrooms: $1,900. The most common rental property sizes in Silver Springs, NV are 3-bedroom and 2-bedroom, accounting for 56.5% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,950 | $1,870 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Silver Springs, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Silver Springs, NV is 55. This is a increase of 59.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $459,000 | -4.0% |
Listing Count | 13 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 55 | 59.0% |
Demographics — Silver Springs, NV
As of the latest ACS Survey released in 2023, Silver Springs, NV has a population of 7,950, which has increased by 9.2% over the past 5 years. Silver Springs, NV is a less popular place for families, as children make up 14.1% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,950 | 9.2% |
% Under 18 | 14.1% | -18.5% |
% Seniors | 25.9% | 1.6% |
% WFH | 4.0% | 100.0% |
% w/ College Degree | 13.2% | 3.9% |
As of the latest ACS Survey released in 2023, Silver Springs, NV is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Silver Springs, NV is hispanic, making up 7.5% of the population. Foreign-born residents account for 4.6% of the population in Silver Springs, NV, and this percentage has increased by 35.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.7% | -6.1% |
% Black | 0.5% | 400.0% |
% Hispanic | 7.5% | 47.1% |
% Asian | 1.0% | -44.4% |
% Foreign Born | 4.6% | 35.3% |
Mortgage and Risk — Silver Springs, NV
According to HUD data as of 2023, there were 166 mortgage originations in Silver Springs, NV, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Silver Springs, NV. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 166 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Silver Springs, NV
Silver Springs, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | -$180 | $1,950 | $1,770 |
| 4 Bedroom | $220 | $1,900 | $2,120 |
Affordability — Silver Springs, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $339,000 |
| Median Household Income | $60,700 |