Market Overview
Home Prices in Silver City, IA
The median home value in Silver City, IA is $317,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.7% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver City are priced23% below average. Silver City is part of the Omaha-Council Bluffs, NE-IA metro area.
Price History
Silver City Home Price Trend
2022
$268,618
$269K
—
2023
$274,901
$275K
+2.3%
2024
$282,358
$282K
+2.7%
2025
$289,744
$290K
+2.6%
2026
$317,733
$318K
+9.7%
City Comparison
Silver City vs. National Median
🏠 Silver City
$317,733
National Median
$410,000
At $317,733, homes in Silver City cost 23% below the national median of $410,000. This makes Silver City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Silver City?
20% Down Payment
$63,547
on $317,733
Monthly P&I
$1,657/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,104/mo
incl. taxes & insurance
Income Needed
$84,160
gross annual (30% rule)
10% Down Option
$31,773
+ PMI applies
Loan Amount (20% dn)
$254,186
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Silver City, IA?
The median home value in Silver City is $317,733 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.7% year-over-year.
How much have home prices changed in Silver City?
Over the past year, home values in Silver City have increased by 9.7%.
How much do I need to earn to buy a home in Silver City?
To comfortably afford the median home price of $317,733 with a 20% down payment ($63,547) at today's rates (6.8%), you'd need a gross annual income of approximately $84,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver City compare to the national average home price?
The national median home value is approximately $410,000. At $317,733, homes in Silver City are 23% below the national average.
What metro area is Silver City part of?
Silver City is part of the Omaha-Council Bluffs, NE-IA metropolitan area. Home prices and market conditions can vary across the broader metro region.