Why Live in Silvermine
Silvermine, a suburb of Norwalk, Connecticut, has a rich history dating back to the 17th century when settlers searched for fabled silver mines. Known for its artistic and semi-rural character, the neighborhood is home to the Silvermine Arts Center, established by sculptor Solon Borglum in 1922, which offers over 1,000 art courses and free gallery access. Housing options are diverse, including renovated century-old homes, 1960s ranch styles, and modern farmhouses with private pools. Local attractions include the Silvermine Golf Club, featuring a 27-hole course and a neo-classical-style restaurant, an equestrian training facility at Silvermine Farm, and GrayBarns, a renovated inn and tavern on a 49-acre property. The neighborhood is accessible via Connecticut Route 15 and the Merritt 7 Train Station, 2 miles away. While the area is car-dependent, it offers proximity to New York City and New Haven via Merritt Parkway. Students attend Norwalk High School, which has a high rating. Groceries can be found at Stop & Shop and Walmart Supercenter, both 2 miles away. Despite its artistic and scenic appeal, homes near the Silvermine River face a higher risk of flooding due to frequent heavy rain. The neighborhood lacks sidewalks, making it more car-dependent, but offers a tranquil environment with historical and cultural significance, attracting both residents and visitors alike.
Frequently Asked Questions
Is Silvermine a good place to live?
Silvermine is a good place to live. Silvermine is considered very car-dependent and somewhat bikeable with minimal transit options. Silvermine is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Silvermine has 6 parks for recreational activities. It is sparse in population with 1.5 people per acre and a median age of 51. The average household income is $184,593 which is above the national average. College graduates make up 74% of residents. A majority of residents in Silvermine are home owners, with 8% of residents renting and 92% of residents owning their home. A
local real estate agent serving Silvermine can help you decide if this neighborhood is the right one for you. Learn more on our
Silvermine neighborhood guide.
Is Silvermine, CT a safe neighborhood?
Silvermine, CT is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Silvermine?
The median home price in Silvermine is $1,162,500. If you put a 20% down payment of $232,500 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $5,730 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $246K a year to afford the median home price in Silvermine. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Silvermine is $185K.
What are the best public schools in Silvermine?
The best public schools that serve Silvermine are:
What are the best private schools in Silvermine?
The best private schools that serve Silvermine are:
What are the most popular zip codes in Silvermine, Norwalk, CT?
What are the most popular neighborhoods near Silvermine, Norwalk, CT?
Are home prices dropping in Silvermine?
Yes, home prices in Silvermine are down 10% in the last 12 months.
Home Trends in Silvermine, CT
On average, homes in Silvermine, Norwalk sell after 54 days on the market compared to the national average of 53 days. The median sale price for homes in Silvermine, Norwalk over the last 12 months is $1,093,000, down 13% from the median home sale price over the previous 12 months.
Median Sale Price
$1,093,000
Median Single Family Sale Price
$1,193,000
Average Price Per Sq Ft
$432
Number of Homes for Sale
2
Last 12 months Home Sales
26
Median List Price
$1,162,500
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-13%