Housing in Silver Spring at a glance
- Population
- about 12,916
- Housing units
- about 5,459
- Median value, owner-occupied homes
- $121,000Milwaukee: $184,000 (-34%)
- Median gross rent
- $1,000 a monthMilwaukee: $1,059 (-6%)
- Owner-occupied homes
- 33.1%Milwaukee: 41.8%
- Homes built before 1980
- 81.6%
- Median year built
- 1959
Silver Spring, in the north-west of Milwaukee, is valued at $121,000 for its median home, 34% below the city overall and seventh of nine sectors with data. Rent of $1,000 is only 6% lower and ranks fourth of ten, so renting costs closer to the city norm than buying does. Owners are 33.1% of households, 8.7 points below Milwaukee overall, or 1,645 owning against 3,321 renting. Of the homes, 81.6% predate 1980, eighth on the list of ten, and construction is centred on 1959. Lindsay Park, next door, reaches $174,000 with 47% owners, Harambee sits at $117,000, and Riverwest costs more still, $239,000, with rents of $1,140. Overall, Silver Spring is home to 12,916 residents in 5,459 housing units. Its owner share trails Lindsay Park's 47%, Riverwest's 40.3% and Harambee's 35.3%, and its pre-1980 share, 81.6%, is lower than theirs (94.5%, 85.1% and 83.5%), so Silver Spring has the newest housing of the four.
Questions about Silver Spring
What is the median home value in Silver Spring, Milwaukee?
$121,000 for owner-occupied homes, against $184,000 for Milwaukee as a whole (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary). It is the owners' own estimate of their home's value, not a sale price.
What is the median rent in Silver Spring?
$1,000 a month in gross rent (rent plus utilities paid by the renter), against $1,059 in Milwaukee (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Do most people in Silver Spring own or rent?
Most rent: 33.1% of occupied homes are owner-occupied, against 41.8% in Milwaukee (Payotte estimate from Census ACS 2020-2024 5-year data for the census tracts within the official boundary).
Data and method
Data as of: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (retrieved 2026-11-02).
Estimate from the 4 census tracts whose internal point lies within the official boundary: counts are summed, and each median is recomputed from the summed value, rent and year-built brackets (grouped median, linear interpolation). The gap with the city is measured with the same method on the whole city.
Silver Spring is one of the 10 most populous of 190 neighborhoods of Milwaukee: estimated population about 12,916 (Payotte estimate: Census ACS 2020-2024 populations of the census tracts whose internal point lies inside the boundary; boundaries from City of Milwaukee GIS, Neighborhoods, consulted 2026-11-02).
Sources: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, tables B01003, B25001, B25003, B25034, B25063, B25064, B25075, B25077; U.S. Census Bureau, 2024 Gazetteer files (census tract internal points). City figures: the same survey, published for Milwaukee as a whole. Home values are owners' estimates, not sale prices.
Near Silver Spring
The closest sectors of Milwaukee, by distance between population centres.
Other sectors of Milwaukee
Five trades, one spot each
Payotte lists one professional per trade in Silver Spring. No one is listed yet: every spot is open.
- Real estate agentOpen spot
- Mortgage loan officerOpen spot
- Home inspectorOpen spot
- Real estate attorneyOpen spot
- AppraiserOpen spot
Work in one of these trades in Silver Spring? Ask for your spot.