What percentage of people rent in Silver Lake, NC?

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

17.8% (±7.4 points) of the occupied homes in Silver Lake, NC are rented (2020–2024 American Community Survey).

That is 488 renting households against 2,252 that own their home.

In Silver Lake, the share of households that rent went from 35.1% in 2015–2019 to 17.8% in 2020–2024 (−17.3 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 17.8% (±7.4 points)
Renting households: 488 (±209)
Median renter income: $48,370 (±$27,895)

Who rents and who owns in Silver Lake

Tenure, estimate (90% margin of error)
	Silver Lake	New Hanover County	North Carolina	United States
Renter-occupied share	17.8% (±7.4 points)	38.6% (±1.2 points)	33.4% (±0.2 points)	34.8%
Renting households	488 (±209)	40,473 (±1,432)	1,428,852 (±8,279)	45,017,354
Owning households	2,252 (±452)	64,383 (±1,382)	2,853,493 (±14,473)	84,210,142
Average renter household size	3.2 (±0.5)	2.0 (±0.1)	2.3 (±0.0)	2.3
Average owner household size	2.2 (±0.3)	2.3 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$48,370 (±$27,895)	$49,019 (±$2,829)	$48,010 (±$418)	$52,966
Median owner household income	$84,973 (±$27,737)	$101,102 (±$3,552)	$88,911 (±$521)	$100,009

In Silver Lake, the renter share is lower than in New Hanover County (38.6%).

It is also lower than in North Carolina (33.4%).

It is lower than the national figure (34.8%).

In New Hanover County, Silver Lake ranks 8 of 15 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 494 of 663.

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

How renting 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
Households that rent	35.1% (±8.9 points)	17.8% (±7.4 points)	−17.3 percentage points	Measurable decrease
Median gross rent	$1,058 (±$123)	$1,416 (±$155)	+33.8%	No measurable change after inflation
Median household income	$52,073 (±$12,996)	$76,756 (±$15,693)	+47.4%	No measurable change after inflation

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.

Households that rent in places near Silver Lake

Nearest places with a published estimate, compared with Silver Lake
Place	Distance	Households that rent	Compared with this place
Silver Lake	—	17.8% (±7.4 points)	—
Myrtle Grove	1.6 mi	16.4% (±5.1 points)	Not measurably different
Wilmington	4.8 mi	52.4% (±1.9 points)	Higher
Sea Breeze	5.3 mi	2.0% (±2.6 points)	Lower
Carolina Beach	7.0 mi	15.6% (±5.0 points)	Not measurably different
Belville	7.3 mi	43.5% (±10.0 points)	Higher
Wrightsville Beach	8.0 mi	19.2% (±7.0 points)	Not measurably different
Kings Grant	9.0 mi	35.7% (±10.4 points)	Higher
Leland	9.1 mi	19.4% (±3.4 points)	Not measurably different

Nearby places with a measurably lower figure: Sea Breeze, NC (2.0%).

Nearby places with a measurably higher figure: Wilmington, NC (52.4%), Belville, NC (43.5%), Kings Grant, NC (35.7%).

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

Households that rent across New Hanover County, place by place

Rank	Place	Households that rent
2	Wilmington	52.4% (±1.9 points)
3	Kings Grant	35.7% (±10.4 points)
4	Murraysville	22.7% (±5.4 points)
5	Wrightsboro	22.0% (±8.8 points)
6	Kure Beach	19.9% (±12.5 points)
7	Wrightsville Beach	19.2% (±7.0 points)
8	Silver Lake	17.8% (±7.4 points)
9	Porters Neck	17.4% (±5.7 points)
10	Myrtle Grove	16.4% (±5.1 points)
11	Bayshore	16.1% (±9.1 points)
12	Carolina Beach	15.6% (±5.0 points)
13	Ogden	11.4% (±5.9 points)
14	Skippers Corner	8.5% (±8.2 points)

Showing 13 of 15 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

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).

Is renting growing in Silver Lake?

In Silver Lake, the share of households that rent went from 35.1% in 2015–2019 to 17.8% in 2020–2024 (−17.3 percentage points), a measurable decrease.

How big are renting households in Silver Lake?

A renting household in Silver Lake has 3.2 people on average, against 2.2 in an owned home.

How much do renters earn in Silver Lake?

The median renting household in Silver Lake, NC has an income of $48,370 (±$27,895) a year, against $84,973 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.