All Countries
Silver Lake, MN
Full City Profile · Minnesota · McLeod County County
3.4
/5.0
B
Good
922
Population
2,249/sq mi density
$75,000
Median Income
$36,252 per capita
$184,800
Home Value
$296,886 Zillow
$769
Median Rent
13.3% income on rent
45°F
Avg Temperature
276 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$75,000 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$184,800 home value, $769/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
2.0 / 5.0
12.3% bachelor's degree or higher
Housing Overview
Median Home Value
$184,800
34% below
US avg: $281,900
Median Rent
$769/mo
34% below
US avg: $1,163/mo
Homeownership Rate
78.9%
21% above US avg (65.4%)
Total Housing Units
392
Median year built: 1957
Home Value by Source
Census Median
$184,800
Zillow (ZHVI)
$296,886
Median Sale Price
$155,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
78.9%
Owner-Occupied
21.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$769/mo
Market Indicators (Redfin)
Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$105
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
13.3%
of renters spending 30%+ of income on housing
57% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
78.9%
Complete Housing Data
Home Values
| Census Median Value | $184,800 |
| Zillow Home Value (ZHVI) | $296,886 |
| Median Sale Price | $155,000 |
| Price Per Sq Ft | $105 |
Rent
| Census Median Rent | $769 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 84 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 1 |
| Price Per Sq Ft | $105 |
Ownership & Stock
| Owner-Occupied | 78.9% |
| Renter-Occupied | 21.1% |
| Homeownership Rate | 78.9% |
| Total Housing Units | 392 |
| Median Year Built | 1957 |
| Rent Burden | 13.3% |