In Silver City, a typical home is worth $182,100 and typical rent is $866 a month. Compared with all of Grant County, typical household income is 14% lower and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $236,975 to $216,835.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Silver City is in Grant County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grant County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Anthony, the typical home value is $116,000: 36% less than in Silver City ($182,100).
2
Nearby, in Anthony, the typical rent is $561: 35% less than in Silver City ($866).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Silver City fell 5.1%; in New Mexico, it rose 1.7%.
4
61% of households in Silver City own their home, against 76% in Grant County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Silver City
What homes there are in Silver City, 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 City
Grant County
New Mexico
United States
Kind of home: Silver City and its comparisons
Measure
Silver City
Grant County
New Mexico
United States
Detached house
62%
62%
65%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
8%
5%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
10%
19%
Mobile home
13%
25%
16%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Grant County, most homes in Silver City are detached houses (62%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Silver City
Grant County
New Mexico
United States
Year built: Silver City and its comparisons
Measure
Silver City
Grant County
New Mexico
United States
Before 1960
29%
23%
17%
26%
1960–1979
38%
31%
26%
24%
1980–1999
24%
30%
32%
25%
2000–2009
Unreliable estimate
8%
16%
14%
2010 or later
5%
8%
10%
11%
In Silver City, half of the homes were built before 1972; in Grant County, before 1978.
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 $100K24%
$100K–$200K30%
$200K–$300K26%
$300K–$500K18%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Silver City and its comparisons
Measure
Silver City
Under $100K
24%
$100K–$200K
30%
$200K–$300K
26%
$300K–$500K
18%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Grant County is high ($541,287): at least 98% of owner-occupied homes in Silver City are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99972%
$1,000–$1,49922%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Silver City and its comparisons
Measure
Silver City
Under $500
Unreliable estimate
$500–$999
72%
$1,000–$1,499
22%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,112 a month
Grant County: $1,243 a month
Without a mortgage
$321 a month
Grant County: $349 a month
Owners with a mortgage
44%
Grant County: 38%
Owning costs less in Silver City: with a mortgage, the typical cost is $1,112 a month; in Grant County, $1,243. Without one, $321.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Silver City+36%
Grant County+40%
New Mexico+45%
United States+53%
Typical rent
Silver City+30%
Grant County+23%
New Mexico+26%
United States+33%
Typical household income
Silver CityNo clear change
Grant County+19%
New Mexico+29%
United States+29%
Change since 2015–2019: Silver City and its comparisons
Measure
Silver City
Grant County
New Mexico
United States
Typical home value
+36%
+40%
+45%
+53%
Typical rent
+30%
+23%
+26%
+33%
Typical household income
No clear change
+19%
+29%
+29%
Homes in Silver City gained value more slowly than in Grant County: 36% since 2015–2019, against 40%.
Rents in Silver City rose faster than in Grant County: 30% since 2015–2019, against 23%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Silver City and its comparisons
Measure
Silver City
Grant County
New Mexico
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.9%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
3.3%
3.4%
People per household
2.37
2.39
2.48
2.53
Drive alone
62%
72%
74%
69%
Carpool
15%
11%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
9%
4%
2%
3%
Work from home
13%
12%
12%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
A household in Silver City has 2.37 people on average, about the same as in Grant County (2.39).
Many here get to work on foot or by bike: 9%, more than in Grant County (4%).
Do the math
What would you pay each month for a home in Silver City?
A typical home costs more than the typical income allows
We start with a typical home in Silver City, worth $182,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Silver City, which is $38,711 a year. For that payment to be 28% of income, a household would need to earn about $61,672 a year.
The calculator's FHA and conventional loan limits are those of all of Grant 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 City. 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 $6,374 (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
$1,439
at 7.18% · 30 years
Loan amount
$178,801
Total interest
$257,253
Paid off in
November 2056
Includes $3,075 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $903 a month
Tight
$903 to $1,161 a month
Hard
more than $1,161 a month
Your payment · 45%
Compared with the typical household income in Silver City ($38,711 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,211
Property tax
$71
Home insurance
$76
FHA mortgage insurance (MIP)
$81
You need at least $6,374 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 $1,439; principal and interest $1,211.
The city and its county
Silver City and Grant County
Silver City is in Grant County, New Mexico. 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 City
Map of Grant County, New Mexico, with Silver City marked. Around it, the neighboring counties.
Silver City
Grant County
Other cities with a page
Silver City's own numbers
Typical home value
$182,100
Typical monthly rent
$866
Typical yearly household income
$38,711
Households that own their home
61%
Effective property tax rate
0.47%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Grant County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,070
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
4.2%
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 Grant County.
A typical home in Silver City is worth $182,100: 4% above the county and 27% below New Mexico. With the typical household income in Silver City ($38,711 a year), a typical home costs 4.7 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 City4.7 years
Grant3.9 years
New Mexico3.9 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Grant County
According to FHFA’s house price index, home prices in Grant County rose 78% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Grant County.
Yearly change in FHFA’s price index in Grant County, 2016 to 2025
2016: +3.1% +3.1% 2016
2017: −0.5% −0.5% 2017
2018: +4.4% +4.4% 2018
2019: +1.7% +1.7% 2019
2020: +4.0% +4.0% 2020
2021: +10.2% +10.2% 2021
2022: +14.0% +14.0% 2022
2023: +12.6% +12.6% 2023
2024: +8.3% +8.3% 2024
2025: +2.4% +2.4% 2025
Change in FHFA’s price index in Grant County, New Mexico and the United States
Period
County
New Mexico
U.S.
Last year (2025)
+2.4%
+3.1%
+2.9%
5 years (2020–2025)
+57%
+50%
+47%
10 years (2015–2025)
+78%
+82%
+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 City next to Grant County, New Mexico and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Silver City$182,100
Grant$175,600
New Mexico$248,100
United States$332,700
Typical monthly rent
Silver City$866
Grant$825
New Mexico$1,067
United States$1,413
Typical yearly household income
Silver City$38,711
Grant$44,958
New Mexico$64,059
United States$80,734
See the full table
Silver City next to Grant County and New Mexico
Measure
Silver City
Grant County
New Mexico
U.S.
Typical home value
$182,100 ▲4% above the county
$175,600
$248,100
$332,700
Typical monthly rent
$866 ▲5% above the county
$825
$1,067
$1,413
Typical yearly household income
$38,711 ▼14% below the county
$44,958
$64,059
$80,734
Households that own their home
61% ▼15 points below the county
76%
70%
65%
Typical yearly property tax
$852 ▲5% above the county
$808
$1,731
$3,119
Effective property tax rate
0.47% ▲0.01 points above the county
0.46%
0.7%
0.94%
Renters with high rent for their income
44% ▼1 points below the county
45%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grant 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 City
For a typical $182,100 home in Silver City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Silver City's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,439a month
Least cash to close
Down payment
$6,374
Cash to close
$11,837
Rate
7.18%
Mortgage insurance
FHA MIP · $81
Conventional, 5% down$1,406a month
Down payment
$9,105
Cash to close
$14,568
Rate
7.18%
Mortgage insurance
PMI · $86
Conventional, 20% down, no PMI$1,134a month
Down payment
$36,420
Cash to close
$41,883
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,302a month
Down payment
$27,315
Cash to close
$32,778
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Silver City
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,439
$6,374
$178,802
7.18%
FHA MIP · $81
$11,837
580
Conventional, 5% down
$1,406
$9,105
$172,995
7.18%
PMI · $86
$14,568
620*
Conventional, 20% down, no PMI
$1,134
$36,420
$145,680
7.18%
None
$41,883
620*
ITIN, 15% down (example)
$1,302
$27,315
$154,785
8.18%
None
$32,778
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.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Silver City and for Grant County.
Property tax
Effective rate in Silver City
0.47%of the home’s value each year
$852 a year for the typical owner in Silver City.
Silver City0.47%
Grant0.46%
New Mexico0.7%
What New Mexico publishes3 percent cap on the yearly increase in your home's taxable value (New Mexico Legislative Finance Committee ("Property Taxes in New Mexico" brief))
Typical rent in Silver City is $866 a month: 5% above the county. In Silver City, 44% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Grant County, by unit size. To pay the 2-bedroom one ($1,070 a month) without spending more than 30% of your income, you would need to earn $20.58 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 Grant County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$820
$15.77
$32,800
1 bedroom
$825
$15.87
$33,000
2 bedrooms
$1,070
$20.58
$42,800
3 bedrooms
$1,286
$24.73
$51,440
4 bedrooms
$1,678
$32.27
$67,120
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 City
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Silver City is in ZIP code 88061.
For 2 bedrooms it is $1,110: $40 more than the fair market rent for Grant County ($1,070).
Fair market rent by ZIP code and size in Silver City, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
88061
$850
$860
$1,110
$1,330
$1,740
ZIP code2 bd3 bd
88061 $1,110$1,330
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 City 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 8 buildings with rents for lower incomes in Silver City. These are the largest.
Silver Cliffs Apts1414 Little Walnut Rd, Silver City 8806180 low-income homes · 1 bd: 16 · 2 bd: 48 · 3 bd: 16 · In service since 2000
Mountain View Senior Apartments1600 16th St, Silver City 8806169 low-income homes · 1 bd: 58 · 2 bd: 11 · In service since 2019 · For older adults
Hillside Apartments2545 N Silver St, Silver City 8806154 low-income homes · Run by Western Regional Housing Authority · Average payment: $361 a month · Average wait: 17 months(575) 388-1974
Lintero2711 N Leslie Rd, Silver City 8806150 low-income homes · In service since 2006 · For families(575) 388-2519
Casa Linda Apts100 E 17th St, Silver City 8806141 homes, 40 low-income · In service since 2009
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 Grant 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 City or Grant County. The ones below are statewide in New Mexico: they work in Silver City the same as in the rest of the state.
New Mexico state agency fixed-rate second mortgage for the down payment and closing costs of first-time buyers, together with the FirstHome mortgage.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $7,000 second mortgage for the down payment and closing costs of low-income first-time buyers; no monthly payments and forgivable after 10 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
New Mexico state agency fixed $10,000 third loan at 0%, for the down payment only, added to FirstDown or HomeNow; repaid in monthly installments over 15 years.Offered by Housing New Mexico (New Mexico Mortgage Finance Authority, MFA).
No legal help resource on our list is for Silver City or Grant 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 City and all of Grant 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 City?
The typical home value in Silver City is $182,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grant County it is $175,600.
How much does it cost to rent in Silver City?
Typical rent in Silver City is $866 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grant County is $1,070.
What is the FHA loan limit in Silver City?
Silver City uses the FHA limit for all of Grant County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Silver City?
The typical homeowner in Silver City pays $852 a year, according to the U.S. Census Bureau. That is 0.47% of the home’s value; in Grant County, the rate is 0.46%.
Where can I find free help to buy or rent in Silver City?
We found no HUD-approved counseling agencies with an office in Grant County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
