What is the median rent in Silver Lake, NC?

Name: Median rent in Silver Lake, NC, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Silver Lake, NC is $1,416 (±$155) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 488 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Silver Lake, the median gross rent went from $1,058 in 2015–2019 to $1,416 in 2020–2024 (+33.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,416 (±$155)
Rented homes: 488 (±209)
$2,000 or more: 5.1%
Since 2015–2019: +33.8%

How much rent costs in Silver Lake

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Silver Lake	New Hanover County	North Carolina	United States
Less than $500	0.0% (±8.3 points)	4.2%	6.6%	6.3%
$500 to $999	12.3% (±12.6 points)	14.9%	27.5%	20.2%
$1,000 to $1,499	49.0% (±22.9 points)	37.3%	32.6%	28.1%
$1,500 to $1,999	33.6% (±19.7 points)	27.7%	21.4%	21.1%
$2,000 to $2,499	5.1% (±8.6 points)	10.9%	7.8%	12.0%
$2,500 to $2,999	0.0% (±8.3 points)	2.2%	2.2%	5.5%
$3,000 or more	0.0% (±8.3 points)	2.8%	1.8%	6.8%

The most common range is $1,000 to $1,499, paid by 49.0% of renting households.

5.1% of rented homes in Silver Lake cost $2,000 or more a month.

Silver Lake against New Hanover County, its state and the nation

Estimate (90% margin of error)
	Silver Lake	New Hanover County	North Carolina	United States
Median gross rent	$1,416 (±$155)	$1,417 (±$32)	$1,228 (±$5)	$1,413
Rented homes paying rent	488 (±209)	39,404 (±1,470)	1,337,899 (±8,405)	42,849,984

In Silver Lake, median gross rent is not measurably different from New Hanover County ($1,417).

It is also higher than in North Carolina ($1,228).

It is not measurably different from the national figure ($1,413).

In New Hanover County, Silver Lake ranks 9 of 14 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 92 of 586.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Silver Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,058 (±$123)	$1,416 (±$155)	+33.8%	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.

Median gross rent in places near Silver Lake

Nearest places with a published estimate, compared with Silver Lake
Place	Distance	Median gross rent	Compared with this place
Silver Lake	—	$1,416 (±$155)	—
Myrtle Grove	1.6 mi	$1,463 (±$290)	Not measurably different
Wilmington	4.8 mi	$1,395 (±$37)	Not measurably different
Carolina Beach	7.0 mi	$1,513 (±$384)	Not measurably different
Belville	7.3 mi	$1,798 (±$79)	Higher
Wrightsville Beach	8.0 mi	$2,336 (±$773)	Higher
Kings Grant	9.0 mi	$1,292 (±$256)	Not measurably different
Leland	9.1 mi	$1,735 (±$108)	Higher
Kure Beach	9.9 mi	$1,436 (±$265)	Not measurably different

Nearby places with a measurably higher figure: Belville, NC ($1,798), Wrightsville Beach, NC ($2,336), Leland, NC ($1,735).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across New Hanover County, place by place

Rank	Place	Median gross rent
3	Murraysville	$1,777 (±$99)
4	Bayshore	$1,532 (±$358)
5	Carolina Beach	$1,513 (±$384)
6	Porters Neck	$1,503 (±$457)
7	Myrtle Grove	$1,463 (±$290)
8	Kure Beach	$1,436 (±$265)
9	Silver Lake	$1,416 (±$155)
10	Wilmington	$1,395 (±$37)
11	Northchase	$1,365 (±$68)
12	Kings Grant	$1,292 (±$256)
13	Wrightsboro	$1,250 (±$186)
14	Skippers Corner	$838 (±$309)

Showing 12 of 14 places in New Hanover County, ranked from highest to lowest.

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 has rent gone up in Silver Lake?

In Silver Lake, the median gross rent went from $1,058 in 2015–2019 to $1,416 in 2020–2024 (+33.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Silver Lake cost more than $2,000 a month?

5.1% of rented homes in Silver Lake have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Silver Lake higher than in New Hanover County?

In Silver Lake, median gross rent is not measurably different from New Hanover County ($1,417).

It is also higher than in North Carolina ($1,228).

It is not measurably different from the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

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 B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

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.