Market Overview
Home Prices in Silver Creek, NY
The median home value in Silver Creek, NY is $199,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver Creek are priced51% below average. Silver Creek is part of the Jamestown-Dunkirk-Fredonia, NY metro area.
Over the past five years, Silver Creek home values have risen by approximately42.5%, reflecting strong long-term appreciation in this market.
Price History
Silver Creek Home Price Trend
City Comparison
Silver Creek vs. National Median
At $199,864, homes in Silver Creek cost 51% below the national median of $410,000. This makes Silver Creek a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Silver Creek?
20% Down Payment
$39,973
on $199,864
Monthly P&I
$1,042/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,323/mo
incl. taxes & insurance
Income Needed
$52,920
gross annual (30% rule)
10% Down Option
$19,986
+ PMI applies
Loan Amount (20% dn)
$159,891
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 Creek, NY?
The median home value in Silver Creek is $199,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Silver Creek?
Over the past year, home values in Silver Creek have increased by 4.7%. Over five years, prices have risen approximately 42.5%.
How much do I need to earn to buy a home in Silver Creek?
To comfortably afford the median home price of $199,864 with a 20% down payment ($39,973) at today's rates (6.8%), you'd need a gross annual income of approximately $52,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver Creek compare to the national average home price?
The national median home value is approximately $410,000. At $199,864, homes in Silver Creek are 51% below the national average.
What metro area is Silver Creek part of?
Silver Creek is part of the Jamestown-Dunkirk-Fredonia, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.