Everything You Should Know Before Moving to Silverwood, MI
Considering a move to Silverwood, MI? This small, close-knit community of around 340 residents offers quiet rural living with a low median home price of $125,000 and average rent at $780. Residents enjoy a cost of living well below national averages, low crime rates, and easy access to local schools and healthcare. Commute times average under 30 minutes, and the area boasts four true seasons with plenty of rural charm—making Silverwood a relaxed and affordable place to call home.
Demographics - Silverwood, MI
Demographics - Silverwood, MI
Silverwood is a small, close-knit community of approximately 340 residents, with a median age of 44.1 years. The population is predominantly White, and the area maintains a balanced gender ratio and a low percentage of non-English speakers, fostering a friendly and familiar atmosphere for newcomers.
Population:
340
Density:
110 per sq mi
Median Age:
44.1
Gender Ratio:
99 males per 100 females
Non-English Speakers Percentage:
2.1%
Ethnic Composition
White:
95.6%
Black:
1.8%
Asian:
0.3%
Others:
2.3%
Cost Of Living
What is the average cost of living in Silverwood, MI?
Living in Silverwood is highly affordable, with a median home value of $125,000 and monthly rent averaging $780. The overall cost of living index is well below the national average, making it an attractive option for families and individuals looking for budget-friendly rural living.
Median House Value:
$125,000
Gross Rent:
$780
Monthly Electricity Charges:
$120
Auto Insurance:
$1,480
House Owner Cost With Mortgage:
$1,020
House Owner Cost Without Mortgage:
$410
State Taxes:
Low:
4.25%
|
High:
4.25%
Cost Of Living Index:
82.6
Grocery:
93.0
Housing:
61.0
Utilities:
97.5
Transportation:
88.0
Health Care:
94.4
Miscellaneous:
90.0
Crime
Is Silverwood, MI a safe place to live?
Silverwood experiences low crime rates compared to national figures, with violent crime affecting roughly 1 in 685 residents and property crime at about 1 in 95. This contributes to a safe and peaceful environment for families and individuals alike.
Violent Crimes Per 100k:
146
Property Crimes Per 100k:
1,050
Crime Index:
1,196
Chance Of Violent Crime:
1 in 685
Chance Of Property Crime:
1 in 95
Weather
What is the weather like in Silverwood, MI year-round?
Residents enjoy four distinct seasons, with warm summers reaching highs of 81°F and cold winters dipping to 16°F. The area receives about 32 inches of rainfall annually and sees sunshine nearly half the year, making it ideal for those who appreciate seasonal variety.
Winter
Min:
16°F
Max:
32°F
Spring
Min:
40°F
Max:
61°F
Summer
Min:
60°F
Max:
81°F
Fall
Min:
41°F
Max:
61°F
Average Rainfall Inches:
32.1 inches
Sunny Days Percentage:
49%
Neighbors
Households in Silverwood have a median income of $54,500, and about 89% of adults possess a high school diploma or higher. The area maintains a modest poverty rate and low unemployment, with commute times averaging just under 30 minutes, creating a stable and community-oriented lifestyle.
Median Income:
$32,000
Household Income:
$54,500
Family Income:
$61,200
Per Capita Income:
$23,800
Income Male:
$37,100
Income Female:
$27,900
Poverty Rate:
13.8%
Non English Speakers:
2.1%
Rent:
$780
Unemployment Rate:
5.9%
Public Transport Usage:
0.3%
Commute Time:
29.7 minutes
Education
High School or Higher:
89.3%
Bachelors or More:
14.2%
Education
How are the schools in Silverwood, MI?
Silverwood is served by local public schools with manageable student-to-teacher ratios, fostering personalized attention. Nearby, Baker College in Cass City offers higher education opportunities within a short drive, supporting lifelong learning for residents.
Public Schools
Name:
Kingston Elementary School
Street:
4655 State St
Phone:
989-683-2284
Students:
310
Student Teacher Ratio:
18.6
Name:
Kingston Jr/Sr High School
Street:
5790 State St
Phone:
989-683-2550
Students:
285
Student Teacher Ratio:
19.2
Colleges
Name:
Baker College
City:
Cass City
State:
MI
Distance:
23 miles
Students:
1,500
Healthcare
Silverwood residents have convenient access to two nearby general hospitals offering emergency services, along with a high rate of health insurance coverage at 90.4%. There are nearly two physicians per 1,000 people, ensuring quality healthcare is within reach.
Major Hospitals
Name:
Marlette Regional Hospital
Address:
2770 Main St, Marlette, MI 48453
Phone:
(989) 635-4000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Hills & Dales General Hospital
Address:
4675 Hill St, Cass City, MI 48726
Phone:
(989) 872-2121
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.9
Health Insurance Coverage:
90.4%
Health Care Index:
67.7
Housing Market
What is the housing market like in Silverwood, MI?
The housing market in Silverwood is stable and affordable, with a median home price of $125,000 and a high owner-occupancy rate of nearly 80%. Home values have seen a healthy 6.2% appreciation over the past year, making it appealing for both buyers and investors.
Median Home Price:
$125,000
Average Rent For 2 Bedroom:
$780
Owner Occupied Rate:
79.5%
Rental Vacancy Rate:
7.1%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.7%
Foreclosure Rate:
0.7%
DMV Information
Residents can access DMV services through the Michigan Secretary of State office located in Bad Axe, MI, for all vehicle and licensing needs. The office is easily reachable by phone or online, ensuring convenient service for locals.
State:
Michigan
Department:
Michigan Secretary of State
Address:
706 S. Van Dyke Rd, Bad Axe, MI 48413
Phone:
1-888-767-6424
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.