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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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