The housing market in Silver Lake, MN (zip code 55381) is very attractive. The median value for homes in the area is $249,800, which is significantly lower than the national median home value of $338,100. The appreciation rate on homes in Silver Lake over the last year has been 6.82%, which is slightly below the national one-year average of 8.27%. Despite this, the real estate market in Silver Lake remains strong and provides an ideal place to live for those looking to purchase a home at an affordable price with a good appreciation rate.
The median home cost in Silver Lake (zip 55381) is $249,800. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Silver Lake (zip 55381) is up 11.0%.
Average Age of Homes
- The median age of Silver Lake (zip 55381) real estate is 53 years old
The Rental Market in Silver Lake (zip 55381)
- Renters make up 16.9% of the Silver Lake (zip 55381) population
- 2.4% of houses and apartments in Silver Lake (zip 55381), 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.