Silver Springs Shores, Florida Housing Market Prices
Silver Springs Shores Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 36% below the Florida median$200,508
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Median rent 15% below the Florida median$1,421
Housing Market Overview
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,508 | $311,338 | $248,835 |
| Price Trend (Annual %) | 19.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,421 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Silver Springs Shores is about 36% lower than in Florida. Rent is about 15% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Silver Springs Shores, up about 19.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Silver Springs Shores rose about 56.0% between 2015 and 2024, from $911 to $1,421. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Silver Springs Shores.
Buying the median-priced home in Silver Springs Shores costs roughly 11.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Silver Springs Shores. The price-to-rent ratio in Florida is about 15.6.
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $200,508 | $311,338 | $248,835 |
| Median Household Income | $65,114 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Silver Springs Shores fell about 5.1%, while median household income rose about 38.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.8% | 57.7% | 58.5% |
| Rental Rate | 20.7% | 27.7% | 31.2% |
| Vacancy Rate | 6.5% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Silver Springs Shores has a homeownership rate of 72.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 6.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Silver Springs Shores | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1998 | 1988 | 1978 |
| Median Number of Rooms | 5.5 | 5.2 | 5.5 |
The typical housing unit in Silver Springs Shores was built around 1998. On average, 2.8 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Silver Springs Shores, FL Housing Compared With Nearby Cities
How Silver Springs Shores, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Silver Springs Shores, FL | 26,805 | $200,508 #2/2 | $1,421 #1/2 | 77.9% #1/2 |
| Ocala, FL | 65,969 | $262,149 | $1,233 | 56.5% |
Frequently Asked Questions
Common questions about the housing market in Silver Springs Shores, Florida.
What is the median home price in Silver Springs Shores, Florida?
The median home price in Silver Springs Shores, Florida is $200,508, lower than the Florida average of $311,338.
What is the average home price in Silver Springs Shores, Florida?
The typical home price in Silver Springs Shores, Florida, reported as the median sale price, is $200,508. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Silver Springs Shores, Florida?
The median gross rent in Silver Springs Shores, Florida is $1,421 per month, lower than the Florida average of $1,668.
What was the median gross rent in Silver Springs Shores in 2020?
In 2020, the median gross rent in Silver Springs Shores, Florida was $986 per month.
What is the price-to-rent ratio in Silver Springs Shores, Florida?
The price-to-rent ratio in Silver Springs Shores, Florida is about 11.8, meaning it would take roughly 11.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Silver Springs Shores.
Are home prices or rent rising faster in Silver Springs Shores, Florida?
Both home prices and rent are rising in Silver Springs Shores, up about 19.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Silver Springs Shores, Florida?
72.8% of households in Silver Springs Shores, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Silver Springs Shores, Florida?
The housing vacancy rate in Silver Springs Shores, Florida is 6.5%, lower than the Florida average of 14.6%.
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