Rent To Own Homes in Silver Lake, MN

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View this home at Grove Ave Se Silver Lake MN 55381
View this home at Highway 7 Silver Lake MN 55381
$264,713 EMV
View this home at Grove Ave S Silver Lake MN 55381

3 Bed | 2 Bath | 1,588 Sq. Ft.

View this home at Grove Avenue Se Silver Lake MN 55381

3 Bed | 1 Bath

5 View this home at Jet Ave Silver Lake MN 55381
$275,577 EMV

3 Bed | 2 Bath | 1,716 Sq. Ft.

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Home Value Estimator For Silver Lake, MN

There are currently 596 real estate properties in Silver Lake, MN, with a median automated valuation model (AVM) price of $260,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Silver Lake, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Silver Lake, MN, is $291,429.00, with the most expensive house in Silver Lake, MN, topping out at $1,494,400.00 and the cheapest home in Silver Lake, MN, clocking in at $74,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Silver Lake, MN!

Rent Prices In Silver Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silver Lake, MN, is on a rollercoaster ride. The average rent price in Silver Lake, MN, is $1,473.00. Indeed, when looking to rent in Silver Lake, MN, you can expect to pay as little as $730.00 or as much as $2,620.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Silver Lake, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Silver Lake, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Silver Lake, MN area at Get information on foreclosure homes for rent, how to buy foreclosures in Silver Lake, MN and much more. Save thousands at closing with home foreclosure listings in Silver Lake, MN — up to 75% off market value!

Top Reasons To Live In Silver Lake, MN In 2023

Silver Lake is located in McLeod, Minnesota, with an estimated municipal population of 814 residents. All of the best foreclosed homes for sale in Silver Lake are located in the following zip code areas on 55381. The estimated population per square kilometer (.62 miles) in Silver Lake is 776.

Cost Of Living In Silver Lake, MN

So, about how much do homes cost in Silver Lake? The most recent median value of resident-owned homes in Silver Lake is 140,718. An estimated 80.9 percent of households in Silver Lake own their homes, with an average family size of 3.24. The median household income in Silver Lake is 64,479, with24.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Silver Lake, the median commute time of resident workers (in minutes) is 27.7. And last, but certainly not least, are you looking for homes to rent in Silver Lake? If so, the average rent price paid by renters in Silver Lake is 525, according to recent statistics.

Diversity And Demographics In Silver Lake, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Silver Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Silver Lake is 36.4, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Silver Lake is 54, with an average family size of 3.24.

The percentage of residents who report their race in Silver Lake is as follows:

White 95.4%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.6%
Other 0%

Looking for family-friendly neighborhoods in and/or near Silver Lake? Or maybe you are searching for 55+ active adult communities in and/or near Silver Lake?

The percentage of residents who report their age in Silver Lake is as follows:

Under 10 16.7%
Aged 10-19 16.1%
20s 6.2%
30s 18%
40s 11.9%
50s 9.2%
60s 12%
70s 4.1%
80+ 5.8%

Best Schools In Silver Lake, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Silver Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Silver Lake.

Pros And Cons Of Living In Silver Lake, Minnesota

How do you know that living in -- or moving to -- Silver Lake is right where you need to be? Perhaps you grew up in Silver Lake or already live nearby; therefore, the decision to buy a home in Silver Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Silver Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Silver Lake:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Silver Lake.

Reasons To Move To Silver Lake, Minnesota, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Silver Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Silver Lake, meanwhile, can field multiple offers from more qualified buyers.

Silver Lake, MN Rent To Own Homes


Listing types in Silver Lake, MN

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