Market Overview
Home Prices in Silverlake, WA
The median home value in Silverlake, WA is $491,990 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silverlake are priced20% above average. Silverlake is part of the Longview, WA metro area.
Over the past five years, Silverlake home values have risen by approximately17.8%, reflecting steady appreciation in this market.
Price History
Silverlake Home Price Trend
City Comparison
Silverlake vs. National Median
At $491,990, homes in Silverlake cost 20% above the national median of $410,000. Buyers in Silverlake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Silverlake?
20% Down Payment
$98,398
on $491,990
Monthly P&I
$2,566/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,259/mo
incl. taxes & insurance
Income Needed
$130,360
gross annual (30% rule)
10% Down Option
$49,199
+ PMI applies
Loan Amount (20% dn)
$393,592
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 Silverlake, WA?
The median home value in Silverlake is $491,990 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Silverlake?
Over the past year, home values in Silverlake have increased by 0.7%. Over five years, prices have risen approximately 17.8%.
How much do I need to earn to buy a home in Silverlake?
To comfortably afford the median home price of $491,990 with a 20% down payment ($98,398) at today's rates (6.8%), you'd need a gross annual income of approximately $130,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Silverlake compare to the national average home price?
The national median home value is approximately $410,000. At $491,990, homes in Silverlake are 20% above the national average.
What metro area is Silverlake part of?
Silverlake is part of the Longview, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.