In Silver Springs, a typical home is worth $244,400 and typical rent is $1,201 a month. Compared with all of Lyon County, typical household income is 39% lower, the typical home value is 33% lower, and the share of households that own their home is 8 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $328,252 to $358,988.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Silver Springs is in Lyon County. The FHA loan limit ($638,250 for a one-unit home), the fair market rents and the help on this page are those of all of Lyon County. See the county
What this place has that others do not, from public data, most unusual first.
1
Silver Springs has the lowest typical home value of the 32 cities in Nevada with more than 5,000 people: $244,400.
2
Silver Springs has the 2nd lowest typical household income of the 33 cities in Nevada with more than 5,000 people ($48,944).
3
Silver Springs has the 2nd largest share of rent-burdened renters of the 32 cities in Nevada with more than 5,000 people (72%).
4
According to Zillow, in the 12 months to September 2026 the typical home value in Silver Springs rose 6.3%; in Nevada, it fell 1.6%.
5
85% of households in Silver Springs own their home, against 77% in Lyon County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Silver Springs
What homes there are in Silver Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Silver Springs
Lyon County
Nevada
United States
Kind of home: Silver Springs and its comparisons
Measure
Silver Springs
Lyon County
Nevada
United States
Detached house
40%
73%
60%
61%
Attached house
Unreliable estimate
Unreliable estimate
5%
6%
Building of 2 to 4
Unreliable estimate
4%
7%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
22%
19%
Mobile home
56%
18%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Homes here are varied: mobile homes are 56% of them, more than in Lyon County (18%), and no kind reaches half.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Silver Springs
Lyon County
Nevada
United States
Year built: Silver Springs and its comparisons
Measure
Silver Springs
Lyon County
Nevada
United States
Before 1960
Unreliable estimate
6%
5%
26%
1960–1979
27%
16%
17%
24%
1980–1999
35%
32%
37%
25%
2000–2009
25%
32%
26%
14%
2010 or later
8%
13%
15%
11%
Homes in Silver Springs are older: the typical year built is 1993; in Lyon County, 1998.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K21%
$100K–$200K13%
$200K–$300K26%
$300K–$500K33%
$500K–$750KUnreliable
FHA limit: $638,250
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Silver Springs and its comparisons
Measure
Silver Springs
Under $100K
21%
$100K–$200K
13%
$200K–$300K
26%
$300K–$500K
33%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
With an FHA limit of $638,250, at least 93% of owner-occupied homes in Silver Springs sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49963%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Silver Springs and its comparisons
Measure
Silver Springs
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
63%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,469 a month
Lyon County: $1,801 a month
Without a mortgage
$376 a month
Lyon County: $499 a month
Owners with a mortgage
53%
Lyon County: 64%
The typical cost for an owner with a mortgage in Silver Springs is $1,469 a month, less than in Lyon County ($1,801); without one, $376.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Silver Springs+72%
Lyon County+70%
Nevada+63%
United States+53%
Typical rent
Silver SpringsNo clear change
Lyon County+28%
Nevada+44%
United States+33%
Typical household income
Silver SpringsNo clear change
Lyon County+42%
Nevada+30%
United States+29%
Change since 2015–2019: Silver Springs and its comparisons
Measure
Silver Springs
Lyon County
Nevada
United States
Typical home value
+72%
+70%
+63%
+53%
Typical rent
No clear change
+28%
+44%
+33%
Typical household income
No clear change
+42%
+30%
+29%
From 2015–2019 to 2020–2024, home values in Silver Springs rose at about the same pace as in Lyon County: 72% against 70%.
The typical rent in Silver Springs stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Silver Springs and its comparisons
Measure
Silver Springs
Lyon County
Nevada
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.8%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
2.3%
4.4%
3.4%
People per household
2.20
2.59
2.62
2.53
Drive alone
69%
77%
71%
69%
Carpool
23%
11%
11%
9%
Public transit
Unreliable estimate
Unreliable estimate
2%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
8%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Silver Springs are smaller: 2.20 people on average; in Lyon County, 2.59.
Carpooling is common in Silver Springs: 23% of workers get to work that way, against 11% in Lyon County.
Do the math
What would you pay each month for a home in Silver Springs?
A typical home costs more than the typical income allows
We start with a typical home in Silver Springs, worth $244,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 47% of the typical household income in Silver Springs, which is $48,944 a year. For that payment to be 28% of income, a household would need to earn about $81,723 a year.
The calculator's FHA and conventional loan limits are those of all of Lyon County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Silver Springs. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $8,554 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,907
at 7.18% · 30 years
Loan amount
$239,973
Total interest
$345,265
Paid off in
November 2056
Includes $4,127 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,142 a month
Tight
$1,142 to $1,468 a month
Hard
more than $1,468 a month
Your payment · 47%
Compared with the typical household income in Silver Springs ($48,944 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,626
Property tax
$71
Home insurance
$102
FHA mortgage insurance (MIP)
$108
You need at least $8,554 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,907; principal and interest $1,626.
The city and its county
Silver Springs and Lyon County
Silver Springs is in Lyon County, Nevada. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Silver Springs
Map of Lyon County, Nevada, with Silver Springs marked. Around it, the neighboring counties.
Silver Springs
Lyon County
Other cities with a page
Silver Springs's own numbers
Typical home value
$244,400
Typical monthly rent
$1,201
Typical yearly household income
$48,944
Households that own their home
85%
Effective property tax rate
0.35%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lyon County
FHA limit, one-unit home
$638,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,279
Price change over 5 years (FHFA)
+39%
Homes in a high flood-risk zone
5.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lyon County.
A typical home in Silver Springs is worth $244,400: 33% below the county and 44% below Nevada. With the typical household income in Silver Springs ($48,944 a year), a typical home costs 5.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Silver Springs5.0 years
Lyon4.5 years
Nevada5.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lyon County
According to FHFA’s house price index, home prices in Lyon County rose 132% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lyon County.
Yearly change in FHFA’s price index in Lyon County, 2016 to 2025
2016: +15.3% +15.3% 2016
2017: +13.9% +13.9% 2017
2018: +13.9% +13.9% 2018
2019: +7.4% +7.4% 2019
2020: +4.0% +4.0% 2020
2021: +17.3% +17.3% 2021
2022: +14.7% +14.7% 2022
2023: −3.1% −3.1% 2023
2024: +4.1% +4.1% 2024
2025: +2.4% +2.4% 2025
Change in FHFA’s price index in Lyon County, Nevada and the United States
Period
County
Nevada
U.S.
Last year (2025)
+2.4%
+2.2%
+2.9%
5 years (2020–2025)
+39%
+49%
+47%
10 years (2015–2025)
+132%
+121%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Silver Springs next to Lyon County, Nevada and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Silver Springs$244,400
Lyon$366,100
Nevada$435,400
United States$332,700
Typical monthly rent
Silver Springs$1,201
Lyon$1,326
Nevada$1,597
United States$1,413
Typical yearly household income
Silver Springs$48,944
Lyon$80,812
Nevada$78,260
United States$80,734
See the full table
Silver Springs next to Lyon County and Nevada
Measure
Silver Springs
Lyon County
Nevada
U.S.
Typical home value
$244,400 ▼33% below the county
$366,100
$435,400
$332,700
Typical monthly rent
$1,201 ▼9% below the county
$1,326
$1,597
$1,413
Typical yearly household income
$48,944 ▼39% below the county
$80,812
$78,260
$80,734
Households that own their home
85% ▲8 points above the county
77%
60%
65%
Typical yearly property tax
$865 ▼48% below the county
$1,668
$2,027
$3,119
Effective property tax rate
0.35% ▼0.11 points below the county
0.46%
0.47%
0.94%
Renters with high rent for their income
72% ▲27 points above the county
45%
56%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lyon County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Silver Springs
For a typical $244,400 home in Silver Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Silver Springs's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,907a month
Least cash to close
Down payment
$8,554
Cash to close
$15,886
Rate
7.18%
Mortgage insurance
FHA MIP · $108
Conventional, 5% down$1,862a month
Down payment
$12,220
Cash to close
$19,552
Rate
7.18%
Mortgage insurance
PMI · $116
Conventional, 20% down, no PMI$1,498a month
Down payment
$48,880
Cash to close
$56,212
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,724a month
Down payment
$36,660
Cash to close
$43,992
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Silver Springs
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,907
$8,554
$239,973
7.18%
FHA MIP · $108
$15,886
580
Conventional, 5% down
$1,862
$12,220
$232,180
7.18%
PMI · $116
$19,552
620*
Conventional, 20% down, no PMI
$1,498
$48,880
$195,520
7.18%
None
$56,212
620*
ITIN, 15% down (example)
$1,724
$36,660
$207,740
8.18%
None
$43,992
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Silver Springs is $1,201 a month: 9% below the county. In Silver Springs, 72% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lyon County, by unit size. To pay the 2-bedroom one ($1,279 a month) without spending more than 30% of your income, you would need to earn $24.60 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lyon County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,076
$20.69
$43,040
1 bedroom
$1,082
$20.81
$43,280
2 bedrooms
$1,279
$24.60
$51,160
3 bedrooms
$1,771
$34.06
$70,840
4 bedrooms
$2,138
$41.12
$85,520
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Silver Springs
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Silver Springs is in ZIP code 89429.
For 2 bedrooms it is $1,210: $69 less than the fair market rent for Lyon County ($1,279).
Fair market rent by ZIP code and size in Silver Springs, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
89429
$1,020
$1,020
$1,210
$1,680
$2,020
ZIP code2 bd3 bd
89429 $1,210$1,680
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Silver Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists one building with rents for lower incomes in Silver Springs.
Silverado Apartments3160 Elm St, Silver Springs 8942924 low-income homes · 1 bd: 24 · In service since 1997 · For older adults, people with disabilities
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Lyon County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Silver Springs or Lyon County. The ones below are statewide in Nevada: they work in Silver Springs the same as in the rest of the state.
Nevada Housing Division program: up to 5% of the loan for the down payment or closing costs, with no first-time buyer requirement.Offered by Nevada Housing Division.
Nevada Housing Division program for first-time buyers: a 30-year mortgage with interest-free help for the down payment and closing costs of up to 4% of the loan, which is not forgiven.Offered by Nevada Housing Division.
$7,500 from the Nevada Housing Division for public school teachers, for the down payment and closing costs; forgiven after five years if you still live in the home.Offered by Nevada Housing Division.
The HUD-approved agencies closest to the center of Silver Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
CS
Community Services of Nevada (CSNV)
500 N Rainbow Blvd, Las Vegas · 310 miles away · Spanish
No legal help resource on our list is for Silver Springs or Lyon County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Silver Springs and all of Lyon County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Silver Springs?
The typical home value in Silver Springs is $244,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lyon County it is $366,100.
How much does it cost to rent in Silver Springs?
Typical rent in Silver Springs is $1,201 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lyon County is $1,279.
What is the FHA loan limit in Silver Springs?
Silver Springs uses the FHA limit for all of Lyon County (2026): $638,250 for a one-unit home and $1,227,400 for a four-unit home.
How much property tax do owners pay in Silver Springs?
The typical homeowner in Silver Springs pays $865 a year, according to the U.S. Census Bureau. That is 0.35% of the home’s value; in Lyon County, the rate is 0.46%.
Where can I find free help to buy or rent in Silver Springs?
We found no HUD-approved counseling agencies with an office in Lyon County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
