Silver Lake, MN Real Estate
According to census data in the year 2000 there were 341 housing units in Silver Lake.
This represents a 2.1% growth from 334 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 341 were located in what is classified as a rural area.
Homeownership rate in Silver Lake is about 74.4%.
Silver Lake's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Silver Lake were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7% |
| Two Bedrooms | 36.40% |
| Three Bedrooms | 41.90% |
| Four Bedrooms | 11.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $80,300 |
| Median Price asked for vacant units | $58,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1954 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.80% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 35.60% |
| Debt Free | 45.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
