Housing data for Silver Lake, NC
Silver Lake, NC has an estimated 6,563 residents and 2,818 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in New Hanover County.
17.8% of households rent.
The median gross rent is $1,416 a month.
Figures last updated on .
- Residents
- 6,563 (±1,043)
- Housing units
- 2,818 (±478)
- Households that rent
- 17.8%
- Median gross rent
- $1,416
- Residents since 2015–2019
- +1.3%
What stands out in Silver Lake
Homes in buildings of 5 or more units: 1.2% (±2.0 points) in Silver Lake, lower than in New Hanover County (22.2%).
Households that rent: 17.8% (±7.4 points) in Silver Lake, lower than in New Hanover County (38.6%).
Working from home: 9.0% (±4.9 points) in Silver Lake, lower than in New Hanover County (19.4%).
Households without a vehicle: 0.5% (±0.6 points) in Silver Lake, lower than in New Hanover County (5.6%).
Housing in Silver Lake at a glance
- Median rent: $1,416 median gross rent a month
- Rent by bedrooms: $1,146 median gross rent, 2 bedrooms
- Rent burden: 59.4% of renters pay 30% or more of income
- Renters and owners: 17.8% of households rent
- Income and affordability: $76,756 median household income
- Home values: $325,500 median home value
- Homeowner costs: $1,458 median monthly cost with a mortgage
- Property taxes: $1,520 median real estate taxes a year
- Types of homes: 1.2% of homes are in buildings of 5 or more units
- Bedrooms: 87.9% of homes have 3 or more bedrooms
- Age of homes: 25.9% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 88.8% heat with electricity
- Commute and cars: 23.6 minutes average trip to work
- Growth: +1.3% residents since 2015–2019
- How long people stay: 29.9% moved in since 2020
- Crowding and facilities: 4.0% of homes have more than 1 person per room
Silver Lake against New Hanover County, its state and the nation
| Silver Lake | New Hanover County | North Carolina | United States | |
|---|---|---|---|---|
| Residents | 6,563 (±1,043) | 235,229 (exact) | 10,730,404 (exact) | 334,922,499 |
| Housing units | 2,818 (±478) | 120,050 (±78) | 4,895,668 (±642) | 143,775,355 |
| Households that rent | 17.8% (±7.4 points) | 38.6% (±1.2 points) | 33.4% (±0.2 points) | 34.8% |
| Median gross rent | $1,416 (±$155) | $1,417 (±$32) | $1,228 (±$5) | $1,413 |
| Median household income | $76,756 (±$15,693) | $75,166 (±$2,054) | $72,388 (±$324) | $80,734 |
| Median home value | $325,500 (±$46,947) | $387,800 (±$7,095) | $288,900 (±$1,086) | $332,700 |
| Median real estate taxes (a year) | $1,520 (±$285) | $2,105 (±$68) | $1,896 (±$8) | $3,119 |
| Built before 1980 | 25.9% (±7.7 points) | 30.6% (±1.4 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 23.6 minutes (±2.4) | 20.6 minutes (±0.6) | 25.1 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 93.1% (±4.0 points) | 93.3% (±0.8 points) | 90.1% (±0.2 points) | 91.0% |
| Median age of residents | 42.9 years (±6.6) | 39.9 years (±0.4) | 39.1 years (±0.2) | 38.9 years |
Silver Lake covers 2.5 square miles of land, about 2,661 residents per square mile (Census Bureau Gazetteer).
How Silver Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 6,476 (±695) | 6,563 (±1,043) | +1.3% | Not a measurable change |
| Housing units | 2,728 (±194) | 2,818 (±478) | +3.3% | Not a measurable change |
| Median gross rent | $1,058 (±$123) | $1,416 (±$155) | +33.8% | No measurable change after inflation |
| Median home value | $174,600 (±$12,654) | $325,500 (±$46,947) | +86.4% | Up after inflation |
| Median household income | $52,073 (±$12,996) | $76,756 (±$15,693) | +47.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,364 (±$80) | $1,458 (±$248) | +6.9% | No measurable change after inflation |
| Median real estate taxes | $1,218 (±$156) | $1,520 (±$285) | +24.8% | No measurable change after inflation |
| Households that rent | 35.1% (±8.9 points) | 17.8% (±7.4 points) | −17.3 percentage points | Measurable decrease |
| Rental vacancy rate | 5.5% (±8.9 points) | 0.0% (±8.3 points) | −5.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in New Hanover County
Silver Lake has no police department of its own in the FBI’s figures, so this is the figure for New Hanover County as a whole.
In 2025, the police departments that report for New Hanover County recorded 306 violent and 2,060 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Silver Lake
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 28412 | 11% | 44,166 | $1,411 | $371,900 | $71,636 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Silver Lake
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Myrtle Grove | 1.6 mi | $1,463 | $439,100 | 16.4% |
| Wilmington | 4.8 mi | $1,395 | $383,800 | 52.4% |
| Sea Breeze | 5.3 mi | — | $405,100 | 2.0% |
| Carolina Beach | 7.0 mi | $1,513 | $566,200 | 15.6% |
| Belville | 7.3 mi | $1,798 | $282,600 | 43.5% |
| Wrightsville Beach | 8.0 mi | $2,336 | $1,168,700 | 19.2% |
| Kings Grant | 9.0 mi | $1,292 | $300,700 | 35.7% |
| Leland | 9.1 mi | $1,735 | $398,900 | 19.4% |
Places in North Carolina most like Silver Lake
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Etowah | $1,413 | $338,100 | $72,596 | 16.0% |
| Boiling Spring Lakes | $1,385 | $292,300 | $62,676 | 18.4% |
| Cape Carteret | $1,745 | $375,700 | $86,136 | 20.4% |
| Boiling Springs | $1,192 | $265,400 | $89,875 | 23.7% |
| Southport | $1,426 | $437,700 | $87,641 | 19.8% |
| Oak Island | $1,339 | $456,500 | $85,872 | 10.3% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across North Carolina.
HUD Fair Market Rent for Silver Lake, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,187 | $1,566 | $1,705 | $2,238 | $2,241 |
HUD income limits for Silver Lake, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $22,950 | $38,250 | $61,150 |
| 2 people | $26,200 | $43,700 | $69,900 |
| 3 people | $29,500 | $49,150 | $78,650 |
| 4 people | $33,000 | $54,600 | $87,350 |
| 5 people | $38,680 | $59,000 | $94,350 |
| 6 people | $44,360 | $63,350 | $101,350 |
| 7 people | $50,040 | $67,750 | $108,350 |
| 8 people | $55,720 | $72,100 | $115,350 |
These are the limits HUD sets for its housing programs in the Wilmington, NC HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $109,200.
A program can use its own limits; tax-credit and local programs often do.
Silver Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
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
What is the average rent in Silver Lake, NC?
The Census Bureau publishes the median rather than the average: the median gross rent in Silver Lake is $1,416 (±$155) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Silver Lake?
The median gross rent for a one-bedroom home in Silver Lake, NC is $950 (±$407) a month (2020–2024 American Community Survey).
Are renters in Silver Lake rent-burdened?
59.4% of renting households in Silver Lake pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Silver Lake?
Silver Lake has an estimated 488 (±209) renting households, 17.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Silver Lake?
The median household income in Silver Lake is $76,756 (±$15,693) a year (2020–2024 American Community Survey).
What is the average home value in Silver Lake, NC?
The Census Bureau publishes the median: $325,500 (±$46,947) for owner-occupied homes in Silver Lake (2020–2024 American Community Survey).
Is Silver Lake growing?
In Silver Lake, the number of residents went from 6,476 in 2015–2019 to 6,563 in 2020–2024 (+1.3%), not a measurable change.
What ZIP codes are in Silver Lake?
The ZIP code that covers Silver Lake is 28412.
What is the median rent in ZIP code 28412?
The median gross rent in ZIP Code Tabulation Area 28412 is $1,411 (±$39) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Silver Lake CDP, North Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Silver Lake CDP, North Carolina
- HUD Fair Market Rents, fiscal year 2027: Wilmington, NC HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Wilmington, NC HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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, North Carolina (place:61950, in state:37).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .