Everything You Should Know Before Moving to Silk Hope, NC
Considering a move to Silk Hope, NC? This small rural community of about 1,100 residents offers affordable living with a median home price around $298,000 and average rents near $1,150. Enjoy low crime rates, a relaxed pace, and a short drive to nearby cities for work or amenities, with average commutes of 29 minutes. Top-rated local schools, a pleasant mild climate with 62% sunny days, and strong community spirit make Silk Hope a peaceful alternative to busier urban areas.
Demographics - Silk Hope, NC
Demographics - Silk Hope, NC
Silk Hope is a small rural community of about 1,100 residents, with a median age of 44.2 and a balanced gender ratio. The population is predominantly White, and about 7% speak a language other than English at home, contributing to a close-knit but slightly diverse environment.
Population:
1,100
Density:
40 per sq mi
Median Age:
44.2
Gender Ratio:
98 males per 100 females
Non-English Speakers Percentage:
7.0%
Ethnic Composition
White:
83.5%
Black:
7.2%
Asian:
1.9%
Others:
7.4%
Cost Of Living
What is the average cost of living in Silk Hope, NC?
The cost of living in Silk Hope is lower than the national average, with a median home value of $298,000 and average rents around $1,150. Utility and transportation costs are affordable, making it an attractive option for those seeking budget-friendly rural living.
Median House Value:
$298,000
Gross Rent:
$1,150
Monthly Electricity Charges:
$120
Auto Insurance:
$1,150
House Owner Cost With Mortgage:
$1,430
House Owner Cost Without Mortgage:
$430
State Taxes:
Low:
5.25%
|
High:
5.25%
Cost Of Living Index:
92.0
Grocery:
95.0
Housing:
83.0
Utilities:
98.0
Transportation:
87.0
Health Care:
98.0
Miscellaneous:
95.0
Crime
Is Silk Hope, NC a safe place to live?
Silk Hope enjoys a low crime rate, with just 120 violent crimes and 1,050 property crimes per 100,000 residents annually. The overall chance of experiencing a violent crime is 1 in 830, offering residents a sense of safety and peace of mind.
Violent Crimes Per 100k:
120
Property Crimes Per 100k:
1,050
Crime Index:
1,170
Chance Of Violent Crime:
1 in 830
Chance Of Property Crime:
1 in 95
Weather
What is the weather like in Silk Hope, NC year-round?
Residents of Silk Hope experience a mild climate, with warm summers reaching up to 89°F and winters that rarely dip below 29°F. The area receives about 47.5 inches of rainfall yearly and enjoys sunshine on 62% of days, making it ideal for outdoor activities.
Winter
Min:
29°F
Max:
51°F
Spring
Min:
45°F
Max:
73°F
Summer
Min:
66°F
Max:
89°F
Fall
Min:
47°F
Max:
73°F
Average Rainfall Inches:
47.5 inches
Sunny Days Percentage:
62%
Neighbors
Households in Silk Hope typically have a median income of $73,800, with a relatively low unemployment rate of 3.8%. Most adults have completed high school, and a quarter hold a bachelor’s degree or higher, fostering a stable and well-educated community.
Median Income:
$42,000
Household Income:
$73,800
Family Income:
$80,500
Per Capita Income:
$34,700
Income Male:
$48,000
Income Female:
$39,500
Poverty Rate:
11.2%
Non English Speakers:
7.0%
Rent:
$1,150
Unemployment Rate:
3.8%
Public Transport Usage:
0.5%
Commute Time:
29.4 minutes
Education
High School or Higher:
89.0%
Bachelors or More:
26.0%
Education
How are the schools in Silk Hope, NC?
Silk Hope offers educational options including the well-regarded Silk Hope School and nearby Chatham Charter School. For higher education, residents are just a short drive from Central Carolina Community College and the University of North Carolina at Chapel Hill, providing strong opportunities from K-12 through college.
Public Schools
Name:
Silk Hope School
Street:
114 Silk Hope School Rd
Phone:
919-742-3911
Students:
320
Student Teacher Ratio:
13.5
Private Schools
Name:
Chatham Charter School
Street:
2200 Hamp Stone Rd, Siler City, NC
Phone:
919-742-4550
Students:
560
Colleges
Name:
Central Carolina Community College
City:
Siler City
State:
NC
Distance:
13 miles
Students:
4,900
Name:
University of North Carolina at Chapel Hill
City:
Chapel Hill
State:
NC
Distance:
25 miles
Students:
30,000
Healthcare
Silk Hope residents have access to major hospitals in nearby Siler City and Chapel Hill, including UNC Chatham Hospital and UNC Health Care. With nearly 1.9 physicians per 1,000 people and 89.1% health insurance coverage, quality healthcare services are readily available.
Major Hospitals
Name:
UNC Chatham Hospital
Address:
475 Progress Blvd, Siler City, NC 27344
Phone:
(919) 799-4000
Type:
General & Surgical
Emergency Services:
Yes
Name:
UNC Health Care – Chapel Hill
Address:
101 Manning Dr, Chapel Hill, NC 27514
Phone:
(984) 974-1000
Type:
General & Teaching
Emergency Services:
Yes
Physicians Per 1000:
1.9
Health Insurance Coverage:
89.1%
Health Care Index:
69.0
Housing Market
What is the housing market like in Silk Hope, NC?
The housing market in Silk Hope is stable and affordable, with a median home price of $298,000 and an owner-occupied rate of 77.5%. Home values have appreciated by 6.5% over the past year, making it a solid choice for both buyers and renters.
Median Home Price:
$298,000
Average Rent For 2 Bedroom:
$1,150
Owner Occupied Rate:
77.5%
Rental Vacancy Rate:
6.8%
Home Appreciation Rate (1yr):
6.5%
New Construction Rate:
1.2%
Foreclosure Rate:
0.7%
DMV Information
Residents can handle vehicle registration and licensing through the North Carolina Division of Motor Vehicles, located in Raleigh. The DMV offers comprehensive services both in-person and online, ensuring easy access for Silk Hope drivers.
State:
North Carolina
Department:
North Carolina Division of Motor Vehicles
Address:
1100 New Bern Ave, Raleigh, NC 27697
Phone:
919-715-7000
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.