Silver Springs, NY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Silver Springs short-term rental market based on reliable data.

Listings

44 / 104

Reliable / Active

Cap Rate

17%

Middle-Earners Gross Yield

Revenue

$28,541

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$173,080

Median Home Sale Price

Top Earners

$57,482

Top-Earners Revenue

Silver Springs

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Silver Springs.

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B

Generally Investor friendly

Silver Springs Regulations

Under state law, STRs are allowed in Silver Springs; hosts only need a state registration, sales‑tax compliance, and any county lodging tax/registry—none identified as prohibitive—so rules are simple and investor‑friendly, with no local caps or approvals found.

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About Silver Springs

Silver Springs is a small village nestled in Wyoming County in the rolling farmland of western New York State, with a population of roughly 700 residents. Set on the shore of Silver Lake, the community has the unhurried feel of a rural lake town, where clapboard homes, a quiet downtown, and tree-lined streets give it a classic small-town character. It is best known as a quiet, scenic gateway to Letchworth State Park, one of the most celebrated natural areas in the Northeast, and it lies approximately 50 miles southeast of both Buffalo and Rochester, making it within easy reach of larger cities while feeling a world apart from them.

Just a short drive east of the village, Letchworth State Park is the marquee attraction of the region and one of the strongest draws for any traveler passing through Wyoming County. Often called the "Grand Canyon of the East," the park follows the Genesee River as it cuts through a deep gorge lined with dramatic cliffs and forests, with three major waterfalls, miles of hiking and biking trails, hot air balloon launches, and a renowned set of whitewater rapids during the spring runoff. From Silver Springs, the main entrances of the park can be reached in about fifteen to twenty minutes by car, depending on which section visitors are heading toward.

The lake itself is another defining feature of the area. Silver Lake, on whose northern shore the village sits, is a long, narrow body of water popular with local residents for fishing, paddling, and swimming during the warmer months. Public access points, small marinas, and lakeside cottages give the waterfront a relaxed, neighborly atmosphere that contrasts nicely with the more dramatic scenery of the nearby gorge, and it offers visitors a low-key way to spend an afternoon without leaving the immediate vicinity of the village.

A short drive north brings travelers to the village of Warsaw, the Wyoming County seat, which has a tidy historic main street, a few local diners, and a handful of antique shops that reflect the area's agricultural heritage. To the east, the broader Finger Lakes region begins to unfold, with its string of glacial lakes, wineries, and state parks all within roughly an hour's drive, expanding the day-trip options for anyone using Silver Springs as a home base.

For short-term rental owners and guests alike, Silver Springs offers an appealing combination of small-village charm, lakeside scenery, and direct access to one of the most beautiful state parks in the country. Its position between Buffalo and Rochester, paired with the steady year-round draw of Letchworth's waterfalls, foliage, and outdoor recreation, gives the village a quiet but durable appeal as a base for exploring western New York.

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