Silver Lake

Population: 6,242
Median household income: $73,277
Median home value: $287,500

Silver Lake is a community in New Hanover County, North Carolina, home to 6,242 residents. At $73,277, its median household income sits in line with New Hanover County's $72,892.

From 2019 to 2023, Silver Lake's population declined 3.6% from 6,476 to 6,242, while its median home value rose 64.7% from $174,600 to $287,500.

The largest age group is 45 to 54, 14.4% of residents. White (non-Hispanic) residents are the largest group, 72.5% of the population.

Demographics

ACS 2019–2023

Population: 6,242
Median age: 42.6 yrs
Median household income: $73,277
Median home value: $287,500
Median gross rent: $1,289
Housing units: 2,754
Homeownership rate: 78.6%
Bachelor's degree or higher: 31.0%
Unemployment rate: 3.7%

Trends

ACS 5-year · 2019–2023

Population

6,4766,242

Median household income

$52,073$73,277

Median home value

$174,600$287,500

Median gross rent

$1,058$1,289

Year	Population	Median household income	Median home value	Median gross rent
2019	6,476	$52,073	$174,600	$1,058
2020	6,146	$68,150	$173,700	$1,055
2021	5,690	$74,785	$190,500	$1,117
2022	5,858	$75,123	$247,400	$1,205
2023	6,242	$73,277	$287,500	$1,289

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.2%

5 to 1713.6%

18 to 245.8%

25 to 3413.5%

35 to 4410.9%

45 to 5414.4%

55 to 6413.5%

65 to 7413.9%

75 and over7.2%

	Count	Share
Under 5	447	7.2%
5 to 17	847	13.6%
18 to 24	364	5.8%
25 to 34	843	13.5%
35 to 44	678	10.9%
45 to 54	899	14.4%
55 to 64	845	13.5%
65 to 74	869	13.9%
75 and over	450	7.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	4,526	72.5%
Black or African American	155	2.5%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	291	4.7%
Hispanic or Latino (any race)	1,270	20.3%

Educational attainment (age 25+)

No high school diploma9.9%

High school graduate17.6%

Some college or associate's41.5%

Bachelor's degree18.3%

Graduate or professional degree12.7%

	Count	Share
No high school diploma	455	9.9%
High school graduate	806	17.6%
Some college or associate's	1,903	41.5%
Bachelor's degree	839	18.3%
Graduate or professional degree	581	12.7%

Commute to work

Mean travel time to work: 23 min

Drove alone80.2%

Carpooled7.2%

Public transit0.9%

Walked1.0%

Bicycle0.0%

Worked from home10.3%

Other means0.3%

How workers get to work

	Count	Share
Drove alone	2,642	80.2%
Carpooled	237	7.2%
Public transit	31	0.9%
Walked	33	1.0%
Bicycle	0	0.0%
Worked from home	340	10.3%
Other means	10	0.3%

Travel time

	Count	Share
Under 15 min	577	19.5%
15 to 29 min	1,512	51.2%
30 to 44 min	516	17.5%
45 to 59 min	319	10.8%
60+ min	29	1.0%

Households

Average household size: 2.34
Poverty rate: 10.5% (655 of 6,242)

	Count	Share
Family households	1,576	59.0%
Nonfamily households	1,097	41.0%

Housing

Median year structure built: 1995

Occupancy

	Count	Share
Occupied	2,673	97.1%
Vacant	81	2.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,101	78.6%
Renter-occupied	572	21.4%

1-unit, detached83.0%

1-unit, attached4.8%

2 to 4 units0.9%

5 to 19 units0.0%

20 or more units0.0%

Mobile home & other11.4%

Units in structure

	Count	Share
1-unit, detached	2,286	83.0%
1-unit, attached	131	4.8%
2 to 4 units	24	0.9%
5 to 19 units	0	0.0%
20 or more units	0	0.0%
Mobile home & other	313	11.4%

Geography

Place GEOID: 3761950
Type (LSAD): 57
Land area: 2.47 sq mi
Water area: 0.04 sq mi
Center point: 34.1423, -77.9089