Silverado California City Guide

Silverado’s population is about 2,717. For context, the population grew 3.4% between 2010 and 2018. The city’s reported birth rate is 5%.

An estimated 52% of residents are male, while 48% of Silverado residents are female. The male median age is 48, and the female median age is 46.

The median resident age in Silverado is 47, which is over 10 years older than the Californian average. About 23% of residents are under 20, while about 20% are in their 20s and 30s. 12% of residents are in their 40s, while 21% are in their 50s. About 25% of Silverado’s population is over 60 years old.

Around 86% of Silverado’s population is White, and 19% of Silverado’s population identifies as Hispanic or Latino. 3.7% of residents are Asian, and less than 1% of residents are African American.

72.3% of the city’s residents were born in California, while 7.1% of the population was born in the midwest. Another 7.1% of residents were born in the west, while 6.4% of Silverado residents were born in the northeast. From there, about 5% of residents were born in the south.

14% of Silverado’s population is foreign born. About 30% of immigrants come from Europe, while 20% hail from Asia, and 48% come from the Americas.

Silverado’s reported high school dropout rate is 5%, which is a great deal under California’s rate of 17% and the U.S. rate of 12%.

About 95% of the city’s 25 years old and over population has a GED or a high school diploma. 50% of the city’s adult population holds a bachelor’s degree, and 25% have a master’s degree. Another 20% of Silverado residents have an associate’s degree, while 2% have a professional degree. About 2% of the population holds a doctorate degree.

79% of students in Silverado attend public schools, while 21% of students in this part of California are enrolled in private educational facilities.

Silverado real estate doesn’t come close to ranking as being in one of the most expensive markets in California. With that information in mind, Silverado may be seen as one of the more expensive areas in the whole of the U.S. in terms of price points.

The median list price of a Silverado property tracks at $750K, and the median price per square foot is estimated to be $409. The median list price in Silverado stayed roughly in the same range between February 2017 and February 2019, and trends have a history of showing little fluctuation. Real estate closer to Trabuco Canyon, which has a median list price of $1.1 million, tends to be more expensive than properties located in other areas of Silverado.

Silverado’s market is considered to be somewhat competitive and is commonly seen as a balanced market. Homes are expected to receive multiple offers, and properties commonly sell for around their list prices.

An estimated 77% of housing options in the city are owner-occupied properties, and the remaining 23% of residences are rented. Silverado doesn’t include much developed land, which means that there aren’t many housing options in Silverado or the surrounding areas compared with neighboring cities such as Irvine or Lake Forest.

Because the majority of properties in the unincorporated residential area were built before World War II or following the population spike that occurred roughly between 1940-1950, Silverado properties tend to have more than a few years under their belts, and there are very few newly constructed properties to speak of in Silverado. However, there tends to be a considerable amount of land in Silverado available for construction projects.

Although Silverado homes can be expensive compared with national averages, the majority of residences don’t stack up with how expensive residences in California tend to be, which is one notable benefit that comes with living in Silverado.

Silverado’s earnings per worker is $76K, and the median household income in this area of the country is $105K.

To give an idea of the city’s earnings distribution, 18% of Silverado’s population earns less than $10K annually. Another 6% of the population makes between $10K-$15K, while 2% of Silverado residents earn $15K-$20K each year. 18% of residents make between $20K-$50K annually, and almost 20% of residents earn $50K-$75K. An additional 15% of the population makes $75K-$100K, while 21% earn over $100K per year.

Silverado’s unemployment rate is reportedly 2%. Less than 130 residents live in poverty, which means the city’s poverty rate is 4.8%.