Housing & Real Estate — Silver Bay, Minnesota

Overview

Total Housing Units1,001
Occupied910
Vacant91
Owner-Occupied735
Renter-Occupied175
Median Home Value (Census)$158,900
Estimated 2026~$180,000
Median Rent$1,044/mo
Median Property Tax$1,234/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income18.0%
Severely Rent-Burdened31.1%

Housing Age

Built 2010 or later7
Built 2000-200935
Built 1990-199916
Built before 1960645
Median Year Built1958
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.