Silverton is close to the state capital, Salem. It's also on the way to Silver Falls State park, and the location of the Oregon Garden. Finally, I imagine there are quite a few people living in Silverton and commuting to Portland, especially if their work is near the 205. It's about a 45 minute drive on scenic backcountry roads. I don't quite know why Silverton prices are as high as they are for being out in the country with plenty of space.