What is the median home value in Silver Lake (Cumberland County), NJ?
The median value of owner-occupied homes in Silver Lake (Cumberland County), NJ is $374,500 (±$54,775), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
Figures last updated on .
- Median home value
- $374,500 (±$54,775)
- Owner-occupied homes
- 536 (±112)
- Most common range
- $300,000 to $499,999
Home values in Silver Lake (Cumberland County)
| Value | Silver Lake (Cumberland County) | Cumberland County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 2.4% (±3.5 points) | 6.4% | 2.5% | 5.3% |
| $50,000 to $99,999 | 0.0% (±8.0 points) | 5.8% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.0% (±8.0 points) | 11.5% | 2.2% | 6.8% |
| $150,000 to $199,999 | 2.1% (±3.5 points) | 18.3% | 4.3% | 9.0% |
| $200,000 to $299,999 | 23.1% (±13.9 points) | 32.5% | 12.9% | 17.8% |
| $300,000 to $499,999 | 61.8% (±16.5 points) | 20.6% | 34.2% | 26.9% |
| $500,000 to $999,999 | 10.6% (±11.4 points) | 4.3% | 34.5% | 20.9% |
| $1,000,000 or more | 0.0% (±8.0 points) | 0.5% | 7.6% | 7.1% |
The most common range is $300,000 to $499,999, 61.8% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Silver Lake (Cumberland County) against Cumberland County, its state and the nation
| Silver Lake (Cumberland County) | Cumberland County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $374,500 (±$54,775) | $221,400 (±$4,674) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 536 (±112) | 35,782 (±999) | 2,239,128 (±10,678) | 84,210,142 |
In Silver Lake (Cumberland County), the median home value is higher than in Cumberland County ($221,400).
It is also lower than in New Jersey ($454,400).
It is not measurably different from the national figure ($332,700).
In Cumberland County, Silver Lake (Cumberland County) ranks 1 of 9 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 151 of 248.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Median home value in places near Silver Lake (Cumberland County)
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Silver Lake (Cumberland County) | — | $374,500 (±$54,775) | — |
| Sunset Lake | 1.1 mi | $317,900 (±$168,327) | Not measurably different |
| West Park | 2.3 mi | $217,800 (±$29,921) | Lower |
| Seabrook Farms | 2.5 mi | $210,400 (±$54,144) | Lower |
| Bridgeton | 2.8 mi | $145,500 (±$15,283) | Lower |
| Shiloh Borough | 2.8 mi | $244,000 (±$46,309) | Lower |
| Hopewell Township (Cumberland County) | 3.0 mi | $251,400 (±$18,554) | Lower |
| Gouldtown | 4.5 mi | $184,800 (±$9,776) | Lower |
| Rosenhayn | 5.5 mi | $226,400 (±$27,333) | Lower |
Nearby places with a measurably lower figure: West Park, NJ ($217,800), Seabrook Farms, NJ ($210,400), Bridgeton, NJ ($145,500).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Cumberland County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Silver Lake (Cumberland County) | $374,500 (±$54,775) |
| 2 | Sunset Lake | $317,900 (±$168,327) |
| 3 | Centre Grove | $227,300 (±$24,170) |
| 4 | Rosenhayn | $226,400 (±$27,333) |
| 5 | West Park | $217,800 (±$29,921) |
| 6 | Seabrook Farms | $210,400 (±$54,144) |
| 7 | Gouldtown | $184,800 (±$9,776) |
Showing 7 of 9 places in Cumberland County, ranked from highest to lowest.
Silver Lake (Cumberland County) is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Upper Deerfield Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Silver Lake (Cumberland County)
What is the average home value in Silver Lake (Cumberland County), NJ?
The Census Bureau publishes the median: $374,500 (±$54,775) for owner-occupied homes in Silver Lake (Cumberland County) (2020–2024 American Community Survey).
Is this what homes in Silver Lake (Cumberland County) sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver Lake CDP (Cumberland County), New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Cumberland County), New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Cumberland County), New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Silver Lake CDP (Cumberland County), New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Silver Lake CDP (Cumberland County), New Jersey (place:67583, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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