Silver Springs, Florida

Marion County Real Estate - Silver Springs

Silver Springs is in North Central Florida. It's population as recorded in the 2010 Census was 6,539. Silver Springs is approximately 5 miles from Ocala (population 56,315) and around 20 miles from The Villages (population 51,442).

The median age for residents of Silver Springs is 41. Around 30.2% of Silver Springs households include school aged children and 42.3% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Silver Springs population are White, 33.2% are Black or African American, .5% American Indian, 1.1% Asian and 2.9% are Two or more Races.

There are 3,449 housing units in Silver Springs. 781 (22.6%) of these were reported as vacant in the 2010 Census. Silver Springs is a tourist destination, 29.9% (234) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,002 residential rental units in Silver Springs. 829 of them were occupied in 2010 providing a residential rental vacancy rate of 16.6%.

Silver Springs links:

Sue Goldthorp

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My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Silver Springs, Florida.

Silver Springs is located in Marion County. It has a population of approximately 6,539 people. The population increased X from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 1.2% for Marion County and a 1.7% increase for the country as a whole. Silver Springs occupies 4.78 of the 1584.55 square miles in Marion County. It had a population density of 1368.6 persons per square mile in 2010. This compared to 209.1 for the county, 350.6 for Florida and 87.4 for the country.

2.1% ( 3,449) of the 164,037 housing units in Marion County are in Silver Springs (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Silver Springs has a 76.1% homeownership rate compared to Marion County's 78.4% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Marion County 331,298 $8,053 1.2% $40,103 164,037 $142,000
Silver Springs 6,539 $11X$32,066 3,449$99,300

Silver Springs's medium household income in 2011 was $32,066. Marion County's medium household income was $40,103, which is lower than the medium income for Florida as a whole: $47,827. 13.3% of the population in Silver Springs lives below the poverty line, compared to 14.7% in Florida, 16.5% of the population in Marion County and 14.3% nationwide. Additional Information:

Silver Springs Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Silver Springs. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $11 million, Silver Springs's economic activity represents 0.13% of Marion County's $8,053MM in economic activity. Marion County represents 1.28% of the Florida economy.

Silver Springs Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $0 0.0%
Retail sales $11#####%
Accommodation and food services sales $0 0.0%
Total $11100%

Marion County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Ocala 56,315 $5,1451.1%$36,706 26,764$140,700
Silver Springs 6,539 $11X$32,066 3,449$99,300

Marion County is located in North Central Florida. This region is responsible for 2.6% of Florida's economic activity. Marion County represents 49.9% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Madison County 19,224 $137 -1.7% $36,557 8,499 $94,100
Hamilton County 14,799 $111 -0.6% $36,683 5,830 $75,600
Taylor County 22,570 $823 0.8% $38,005 11,085 $89,700
Suwannee County 41,551 $494 5.1% $37,775 19,417 $108,900
Union County 15,535 $53 -2.1% $45,645 4,566 $113,500
Bradford County 28,520 $253 -5.2% $41,397 11,083 $121,400
Lafayette County 8,870 $69 -0.7% $49,713 3,386 $153,500
Dixie County 16,422 $57 -1.8% $34,243 9,471 $104,400
Levy County 40,801 $572 -1.9% $35,920 20,350 $108,400
Gilchrist County 16,939 $63 -0.7% $38,467 7,367 $119,600
Alachua County 247,336 $3,646 1.6% $41,373 113,371 $185,100
Marion County 331,298 $8,053 1.2% $40,103 164,037 $142,000
Columbia County 67,531 $1,796 0.6% $38,589 28,910 $127,100
Total 878,554 $16,126 -0.4% $39,575 407,372 $118,715

Silver Springs Real Estate

There are 4,665 properties in Silver Springs. The following table shows a summary of them based on 2014 sales data.

Silver Springs Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 138 2.96 2 $43,800 $28January 1st, 2014September 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 45 0.96 0n/an/an/an/a
Hotel & Motel 8 0.17 0n/an/an/an/a
Industrial 11 0.24 2 $50,600 $21May 1st, 2014June 1st, 2014
Miscellaneous Property 25 0.54 0n/an/an/an/a
Mobile/Manufactured 2,626 56.29 101 $21,000 $22January 1st, 2014September 1st, 2014
Multifamily 183 3.92 2 $12,100 $9March 1st, 2014March 1st, 2014
Office 9 0.19 0n/an/an/an/a
Residential 1,524 32.67 88 $56,250 $44January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 60 1.29 3 $563,300 $103January 1st, 2014August 1st, 2014
Special Purpose 21 0.45 0n/an/an/an/a
Sports & Entertaining 15 0.32 0n/an/an/an/a

Agricultural Real Estate in Silver Springs, Florida

138( 2.96%) of the properties in Silver Springs are classified as Agricultural. 2 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $87,600. The median sales price was $43,800. In 2014 the median sales price for Agricultural in Silver Springs was $28 per sq ft.

Commercial Real Estate in Silver Springs, Florida

0( .00%) of the properties in Silver Springs are classified as Commercial.

Government Real Estate in Silver Springs, Florida

45( .96%) of the properties in Silver Springs are classified as Government.

Hotel & Motel Real Estate in Silver Springs, Florida

8( .17%) of the properties in Silver Springs are classified as Hotel & Motel.

Industrial Real Estate in Silver Springs, Florida

11( .24%) of the properties in Silver Springs are classified as Industrial. 2 of them sold between May 1st, 2014 and June 1st, 2014. The total value of these sales was $101,200. The median sales price was $50,600. In 2014 the median sales price for Industrial in Silver Springs was $21 per sq ft.

Miscellaneous Real Estate in Silver Springs, Florida

25( .54%) of the properties in Silver Springs are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Silver Springs, Florida

2,626( 56.29%) of the properties in Silver Springs are classified as Mobile/Manufactured. 101 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $2,291,200. The median sales price was $21,000. In 2014 the median sales price for A Class Mobile/Manufactured in Silver Springs was $39 per sq ft, B Class properties sold for $22/ft and C Class $5/ft.

Multifamily Real Estate in Silver Springs, Florida

183( 3.92%) of the properties in Silver Springs are classified as Multifamily. 2 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $24,200. The median sales price was $12,100. In 2014 the median sales price for Multifamily in Silver Springs was $9 per sq ft.

Office Real Estate in Silver Springs, Florida

9( .19%) of the properties in Silver Springs are classified as Office.

Residential Real Estate in Silver Springs, Florida

1,524( 32.67%) of the properties in Silver Springs are classified as Residential. 88 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $7,638,300. The median sales price was $56,250. In 2014 the median sales price for A Class Residential in Silver Springs was $89 per sq ft, B Class properties sold for $44/ft and C Class $8/ft.

Residential Real Estate in Silver Springs, Florida

0( .00%) of the properties in Silver Springs are classified as Residential.

Retail Real Estate in Silver Springs, Florida

60( 1.29%) of the properties in Silver Springs are classified as Retail. 3 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,498,700. The median sales price was $563,300. In 2014 the median sales price for Retail in Silver Springs was $103 per sq ft.

Special Purpose Real Estate in Silver Springs, Florida

21( .45%) of the properties in Silver Springs are classified as Special Purpose.

Sports & Entertaining Real Estate in Silver Springs, Florida

15( .32%) of the properties in Silver Springs are classified as Sports & Entertaining.

Silver Springs, Marion County Market Data

Silver Springs Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 126 211,038
Government Property 46 261,811
Hotel & Motel 7 185,274
Industrial 11 107,448
Land 757 102,728
Miscellaneous Property 24 14,205
Mobile/Manufactured 2,564 2,777,890
Multifamily 160 672,831
Office 8 19,799
Residential 1,528 2,473,766
Retail 57 299,839
Special Purpose 25 209,547
Sports & Entertaining 15 75,455

Silver Springs Median Property Values per Sq Ft

Silver Springs Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $155$37 $91$17 $24$7
Auto sales, auto repair and storage or auto service shop 2016 $128$11 $46$8 $24$5
Bowling alley, skating rink, pool hall or enclosed arena 2016 $155$37 $91$17 $24$7
Church 2016 $314$14 $142$11 $70$8
Club, lodge or union hall 2016 $314$14 $142$11 $70$8
Community Shopping Center 2016 $128$11 $46$8 $24$5
Condominium 2016 $48$16 $29$16 $17$16
County Owned 2016 $314$44 $142$15 $70$2
Drive-in Restaurant 2016 $128$11 $46$8 $24$5
Federal Owned 2016 $314$44 $142$15 $70$2
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $128$11 $46$8 $24$5
Forest, park or recreational area 2016 $314$44 $142$15 $70$2
Golf course or driving range 2016 $155$37 $91$17 $24$7
Grazing land soil capability Class II 2016 $314$20 $142$14 $70$9
Grazing land soil capability Class III 2016 $314$20 $142$14 $70$9
Grazing land soil capability Class IV 2016 $314$20 $142$14 $70$9
Grazing land soil capability Class V 2016 $314$20 $142$14 $70$9
Grazing land soil capability Class VI 2016 $314$20 $142$14 $70$9
Hotel or motel 2016 $392$33 $65$33 $19$33
Improved agricultural 2014 $67$23 $36$15 $22$10
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $314$26 $142$6 $70$5
Light manufacturing 2016 $392$17 $65$10 $19$5
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $392$17 $65$10 $19$5
Mobile Home 2016 $48$6 $29$6 $17$6
Mortuary, cemetery or crematorium 2016 $314$14 $142$11 $70$8
Multi-family - 10 units or more 2016 $48$8 $29$6 $17$4
Multi-family - less than 10 units 2016 $128$8 $46$6 $24$4
Municipal Owned 2016 $314$44 $142$15 $70$2
Nightclub, cocktail lounge or bar 2016 $155$37 $91$17 $24$7
Office building, non-professional service building, one story 2016 $128$30 $46$18 $24$11
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $392$17 $65$10 $19$5
Ornamentals, miscellaneous agricultural 2016 $314$20 $142$14 $70$9
Professional service building 2016 $128$30 $46$18 $24$11
Public county school 2016 $314$44 $142$15 $70$2
Repair service shop (excluding automotive) 2016 $128$11 $46$8 $24$5
Restaurant, cafeteria 2016 $128$11 $46$8 $24$5
Single Family 2016 $101$16 $64$16 $40$16
State Owned 2016 $314$44 $142$15 $70$2
Store, one story 2016 $128$11 $46$8 $24$5
Timberland - site index 50 to 59 2016 $314$20 $142$14 $70$9
Timberland - site index 60 to 69 2016 $314$20 $142$14 $70$9
Timberland - site index 70 to 79 2016 $314$20 $142$14 $70$9
Timberland - site index 80 to 89 2016 $314$20 $142$14 $70$9
Undefined - Reserved for Use by Department of Revenue 2016 $128$16 $46$16 $24$16
Utility 2016 $314$26 $142$6 $70$5
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $392$17 $65$10 $19$5