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Real Estate Prices & Overview

Median real estate price in the Town Center of Silver Springs is $400,249, which is less expensive than 63.2% of Nevada neighborhoods and 45.0% of all U.S. neighborhoods.

The average rental price in Silver Springs Town Center is currently $2,244, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 51.1% of Nevada neighborhoods.

Silver Springs Town Center is a rural neighborhood (based on population density) located in Silver Springs, Nevada.

Real estate in the Town Center of Silver Springs, NV is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) mobile homes and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Town Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Silver Springs Town Center. The current real estate vacancy rate here is 21.6%. This is higher than the rate of vacancies in 88.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Silver Springs, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Silver Springs Town Center neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, neighborhoodScout's exclusive research revealed that 95.1% of the adult residents in the Silver Springs Town Center neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.3% of the neighborhoods in America.

Real Estate

The Silver Springs Town Center neighborhood stands out for having the majority of its residential real estate made up of mobile homes. In fact, 57.1% of the occupied real estate here are mobile homes, which is a greater proportion than is found in 99.5% of the neighborhoods in the U.S. If you like mobile homes, this might be a great neighborhood in which to look for real estate.

Modes of Transportation

In the Silver Springs Town Center neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 28.4% of commuters carpool here, which is more than in 98.4% of all U.S. neighborhoods.

Occupations

NeighborhoodScout's exclusive research identifies the Silver Springs Town Center neighborhood as having one of the highest concentrations of people employed in manufacturing or as laborers of any neighborhood in America. In fact, despite the loss of manufacturing jobs nationally, this neighborhood has 45.2% of its working residents employed in such fields, which is a higher proportion than 97.2% of American neighborhoods.

Diversity

Did you know that the Silver Springs Town Center neighborhood has more Native American and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.9% of this neighborhood's residents have Native American ancestry and 0.8% have Belgian ancestry.

Migration / Stability

Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. More residents of the Silver Springs Town Center neighborhood live here today that also were living in this same neighborhood five years ago than is found in 96.2% of U.S. neighborhoods. This neighborhood is really made up of people who know each other, don't move often, and have lived here in this very neighborhood for quite a while.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Town Center neighborhood in Silver Springs are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.5% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Silver Springs Town Center neighborhood, 45.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.9%), and 10.8% in executive, management, and professional occupations.

Languages

The most common language spoken in the Silver Springs Town Center neighborhood is English, spoken by 97.9% of households. Some people also speak Italian (6.0%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Town Center neighborhood in Silver Springs, NV, residents most commonly identify their ethnicity or ancestry as German (14.2%). There are also a number of people of Irish ancestry (12.0%), and residents who report English roots (9.5%), and some of the residents are also of Native American ancestry (5.9%), along with some Mexican ancestry residents (3.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Silver Springs Town Center neighborhood spend between 30 and 45 minutes commuting one-way to work (30.6% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (63.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (28.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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