Silver Lake CDP (Cumberland County), NJ
Full City Profile · New Jersey · Salem County County
4.1
/5.0
A
Great
1,447
Population
1,012/sq mi density
$88,217
Median Income
$41,379 per capita
$304,800
Home Value
$249,881 Zillow
55°F
Avg Temperature
A
Overall
4.1 / 5.0
Strong
A+
Economy
4.8 / 5.0
$88,217 median income, 0.0% unemployment
A+
Affordability
4.7 / 5.0
$304,800 home value, /mo rent
C+
Education
2.7 / 5.0
21.4% bachelor's degree or higher
Housing Overview
Median Home Value
$304,800
8% above
US avg: $281,900
Homeownership Rate
86.7%
33% above US avg (65.4%)
Total Housing Units
560
Median year built: 1989
Home Value by Source
Census Median
$304,800
Zillow (ZHVI)
$249,881
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.7%
Owner-Occupied
13.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Affordability & Housing Stock
Rent Burden
34.0%
of renters spending 30%+ of income on housing
10% above US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
86.7%
Complete Housing Data
Home Values
| Census Median Value | $304,800 |
| Zillow Home Value (ZHVI) | $249,881 |
Rent
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 86.7% |
| Renter-Occupied | 13.3% |
| Homeownership Rate | 86.7% |
| Total Housing Units | 560 |
| Median Year Built | 1989 |
| Rent Burden | 34.0% |