Silver Lake, NC housing market
The median sale price was $360,000 in May 2026.
Home values, sales, trends and how Silver Lake compares with the towns next door — updated as new data is published.
Silver Lake at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 58% in 5 years
The federal house price index for the ZIP code around Silver Lake rose 58% over the past 5 years, about the same as across North Carolina. Last year prices fell 0.5%. Carrying the Census median home value forward with that index puts the typical Silver Lake home at roughly $573,000 today.
Show as a table
| Year | Change that year | Since 2000 | North Carolina since 2000 |
|---|---|---|---|
| 2025 | −0.5% | +183% | +159% |
| 2024 | +4.6% | +184% | +153% |
| 2023 | +10% | +172% | +141% |
| 2022 | +24% | +146% | +121% |
| 2021 | +11% | +99% | +83% |
| 2020 | +6.4% | +79% | +62% |
| 2019 | +5% | +69% | +56% |
| 2018 | +4.9% | +61% | +47% |
| 2017 | +7.9% | +53% | +39% |
| 2016 | +5.9% | +42% | +31% |
| 2015 | +3.5% | +34% | +26% |
| 2014 | +5.7% | +30% | +21% |
| 2013 | +1.6% | +23% | +18% |
| 2012 | −5.7% | +21% | +17% |
| 2011 | −8.6% | +28% | +20% |
| 2010 | −7.5% | +40% | +25% |
| 2009 | −7.1% | +51% | +32% |
| 2008 | −2.2% | +63% | +36% |
| 2007 | +4.5% | +67% | +34% |
| 2006 | +20% | +59% | +28% |
| 2005 | +17% | +33% | +19% |
| 2004 | +6% | +14% | +12% |
| 2003 | +1.2% | +7.2% | +8.3% |
| 2002 | +1.3% | +6% | +6.7% |
| 2001 | +4.6% | +4.6% | +4.2% |
| 2000 | — | — | — |
How Silver Lake ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 28412, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Silver Lake and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Silver Lake | — | −0.5%† | $1,740 | $76,756 |
| Wilmington | $419K | −0.1% | $1,710 | $66,738 |
| Myrtle Grove | — | +2.4%† | $1,950 | $113,463 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Silver Lake home costs about 4.2 years of the town's median household income, less than across North Carolina (4.6 years).
How Silver Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,740
HUD's Fair Market Rent for a two-bedroom in Silver Lake is $1,740 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Silver Lake pay a median of $1,416, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,200 · 4 bedrooms $2,430
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (28412; Wilmington, NC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.