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Silver Lake, NJ Housing

 
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As of 2010-2014, median price of a house in Silver Lake is $257,800, which is lower than the state average of $319,900 and is higher than the national average of $175,700. The median year that a house in Silver Lake was built is 1955, which is older than the median year for a house built in the state which is 1966 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 389 Owner Occupied Houses in Silver Lake, NJ, #345
Silver Lake, NJ
257,800 USD
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2006-2010, see rank
Silver Lake, NJ
-11.92%
New Jersey
87.30%
U.S.
46.91%

*The Silver Lake, NJ median house price growth rate is since 2006-2010. The New Jersey and U.S population growth rate is since 2000.
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Silver Lake, NJNew JerseyU.S.
Total Housing Units1,576, see rank, 100%3,572,138132,741,033
Occupied Housing Units1,448, 91.88%, see rank89.26%87.55%
Owner Occupied389, 24.68%, see rank58.06%56.34%
Renter Occupied1,059, 67.20%, see rank31.20%31.21%
Vacant Housing Units128, 8.12%, see rank10.74%12.45%
For Rent106, 6.73%, see rank2.18%2.34%
For Sale Only0, 0.00%, see rank1.02%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank0.70%0.92%
For Seasonal, Recreational, or Occasional Use0, 0.00%, see rank3.72%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant22, 1.40%, see rank3.11%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #381
Silver Lake, NJNew JerseyU.S.
195519661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Silver Lake, NJ%New JerseyU.S.
Owner-Occupied Units389100%2,073,91574,787,460
With a Mortgage23359.90%, see rank69.83%65.58%
Without a Mortgage15640.10%, see rank30.17%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Silver Lake, NJ
1,573 USD
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsSilver Lake, NJ%New JerseyU.S.
$299 or Less00.00%, see rank0.04%0.20%
$300 to $49900.00%, see rank0.35%1.59%
$500 to $699135.58%, see rank0.83%5.01%
$700 to $999177.30%, see rank2.80%14.32%
$1,000 to $1,4997230.90%, see rank11.13%27.90%
$1,500 to $1,9995121.89%, see rank17.94%20.35%
$2,000 to $2,9998034.33%, see rank36.29%19.52%
$3,000 or More00.00%, see rank30.63%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Silver Lake, NJ
33.90% of the Total Income
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Silver Lake, NJ%New JerseyU.S.
10% or Less00.00%, see rank3.98%5.86%
10% to 20%7030.04%, see rank23.73%31.95%
20% to 30%219.01%, see rank28.42%27.64%
30% to 40%4519.31%, see rank16.62%13.74%
40% or More9741.63%, see rank26.85%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Silver Lake, NJ
1,000 USD
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsSilver Lake, NJ%New JerseyU.S.
$199 or Less00.00%, see rank1.19%7.76%
$200 to $29900.00%, see rank1.66%14.70%
$300 to $49900.00%, see rank6.42%34.63%
$500 to $69900.00%, see rank13.17%21.16%
$700 or More156100.00%, see rank77.56%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Silver Lake, NJ
18.40% of the Total Income
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Silver Lake, NJ%New JerseyU.S.
10% or Less00.00%, see rank21.71%40.19%
10% to 20%9862.82%, see rank32.37%31.47%
20% to 30%2012.82%, see rank16.94%12.24%
30% to 40%117.05%, see rank9.46%5.64%
40% or More2717.31%, see rank18.56%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Silver Lake, NJNew JerseyU.S.
Total Housing Units1,576, 100%3,572,138132,741,033
1-unit, Detached166, 10.53%, see rank53.67%61.65%
1-unit, Attached51, 3.24%, see rank9.26%5.82%
2 Units477, 30.27%, see rank9.53%3.75%
3 or 4 Units269, 17.07%, see rank6.43%4.43%
5 to 9 Units333, 21.13%, see rank4.80%4.78%
10 or More Units280, 17.77%, see rank15.34%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.98%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Silver Lake, NJNew JerseyU.S.
Total Housing Units1,576, 100%3,572,138132,741,033
1 Room127, 8.06%, see rank2.71%1.95%
2 Rooms37, 2.35%, see rank2.15%2.48%
3 Rooms402, 25.51%, see rank10.30%9.13%
4 Rooms459, 29.12%, see rank15.19%16.60%
5 Rooms367, 23.29%, see rank16.72%20.41%
6 Rooms113, 7.17%, see rank16.15%18.06%
7 Rooms55, 3.49%, see rank12.48%12.27%
8 Rooms0, 0.00%, see rank10.49%8.48%
9 Rooms or More16, 1.02%, see rank13.81%10.60%
Median Rooms4.00, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Silver Lake, NJNew JerseyU.S.
Total Housing Units1,576, 100%3,572,138132,741,033
No Bedroom127, 8.06%, see rank2.88%2.17%
1 Bedroom545, 34.58%, see rank14.18%11.16%
2 Bedrooms665, 42.20%, see rank25.93%26.69%
3 Bedrooms188, 11.93%, see rank32.62%39.70%
4 Bedrooms35, 2.22%, see rank18.83%16.05%
5 or More Bedrooms16, 1.02%, see rank5.56%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Silver Lake, NJNew JerseyU.S.
Total Housing Units1,448, 100%3,188,498116,211,092
Utility Gas1,007, 69.54%, see rank74.16%48.85%
Bottled, Tank, or LP Gas15, 1.04%, see rank1.94%4.86%
Electricity246, 16.99%, see rank11.66%36.68%
Fuel Oil, Kerosene, etc.142, 9.81%, see rank11.10%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank0.44%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel8, 0.55%, see rank0.32%0.47%
No Fuel Used30, 2.07%, see rank0.32%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalSilver Lake, NJNew JerseyU.S.
Occupied Units Paying Rent1,059, 100%1,077,46339,201,928
$199 or Less40, 3.78%, see rank1.46%1.50%
$200 to $29929, 2.74%, see rank3.04%3.18%
$300 to $49960, 5.67%, see rank3.86%7.37%
$500 to $69917, 1.61%, see rank4.64%16.01%
$700 to $999210, 19.83%, see rank19.19%29.17%
$1,000 to $1,499606, 57.22%, see rank40.89%26.88%
$1,500 to $1,99997, 9.16%, see rank17.11%9.79%
$2,000 or More0, 0.00%, see rank9.81%6.10%
Median$1,130, see rank$1,188$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Silver Lake, NJNew JerseyU.S.
Occupied Housing Units1,448, 100%3,188,498116,211,092
No Vehicles Available355, 24.52%, see rank11.70%9.12%
1 Vehicles Available684, 47.24%, see rank34.71%33.80%
2 Vehicles Available353, 24.38%, see rank36.16%37.48%
3 or More Vehicles Available56, 3.87%, see rank17.43%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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