Zip 55614 (Silver Bay, MN) Housing

In Silver Bay, MN (55614), the median value of housing is $156,100, which is significantly lower than the US House Median Value of $338,100. However, in comparison to the US 1 year House Appreciation rate of 8.27%, Silver Bay has seen an impressive appreciation rate of 12.16%. This suggests that the housing market in Silver Bay is on a strong upward trajectory and could be a great investment opportunity for potential buyers looking for property in this area.

The median home cost in Silver Bay (zip 55614) is $156,100. Home appreciation the last 10 years has been 70.1%. Home Appreciation in Silver Bay (zip 55614) is up 13.9%.

Average Age of Homes

- The median age of Silver Bay (zip 55614) real estate is 56 years old

The Rental Market in Silver Bay (zip 55614)

- Renters make up 8.7% of the Silver Bay (zip 55614) population
- 0.0% of houses and apartments in Silver Bay (zip 55614), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Silver Bay, Minnesota	United States
	1,494.0	139,647,020.0
	58	42
	$156,100	$338,100
	13.9%	16.6%
	49.8%	57.0%
	70.1%	101.1%
	$7.90	$10.98
	$958	$2,690
	65.7%	57.4%
	25.6%	11.2%
	8.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	21.6%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	2.3%	2.6%
	0.0%	2.4%
	6.6%	2.8%
	10.0%	3.9%
	17.7%	4.5%
	21.4%	11.3%
	22.6%	13.0%
	8.4%	20.1%
	2.3%	13.6%
	0.0%	8.3%
	6.0%	9.7%
	0.0%	3.9%
	1.9%	2.2%
	0.0%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	10.7%	13.6%
	10.7%	13.6%
	4.2%	13.6%
	6.8%	13.2%
	14.0%	14.8%
	4.2%	13.6%
	40.3%	10.0%
	3.1%	4.7%
	1.9%	12.2%

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