Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.7 yrs |
|---|---|
| Avg HH Size | 2.34 |
| Below Poverty | 10.9% ▲ 9% above avg |
| College Grads | 22.1% ▼ 43% below avg |
| Unemployment | 12.1% ▲ 148% above avg |
| No HS Diploma | 12 (1.3%) |
| HS Graduate | 437 (49.2%) |
| Some College | 134 (15.1%) |
| Associates | 110 (12.4%) |
| Bachelors | 68 (7.6%) |
| Graduate Degree | 128 (14.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,083 ▼ 23% below avg |
|---|---|
| Median Home Value | $150,500 ▼ 46% below avg |
| Home/Income Ratio | 2.5x (nat avg ~3.5x) |
| Median Rent | $856/mo |
| Total Housing Units | 754 |
| Vacant Units | 173 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Silverwood is a city in Michigan, located in Lapeer County. The city spans 1 ZIP code and is home to approximately 1,361 residents. It is a middle-aged city, with a median age of 44.7 years.
Economically, Silverwood is a solidly middle-class community. The median household income of $59,083 is below the national average. Approximately 10.9% of residents live below the poverty line. The unemployment rate is 12.1%, more than double the national average.
The real estate market in Silverwood is an affordable housing market. Median home values stand at $150,500, which is below the national average. Renters typically pay around $856 per month. Homeownership is high at 92.3%, typical of suburban and family-oriented communities.
The population of Silverwood is less-educated. 22.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (91.4%).
Silverwood, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48760 | 1,361 | $59,083 | $150,500 | $856 | 12.1% | 22.1% | 92.3% |