House Prices

House Prices & Home Values Silver Bay, MN 2026


Average Data

average house price$253,212
average size per house1749 ft²
average price per ft²145 $ / ft²

04/16/2026 - The value range (VR) for house prices in Silver Bay, MN is $152/ sqft to $152/ sqft. An average home with 1749 sqft costs approximately $265,848 to $265,848. Silver Bay, MN includes 1 ZIP codes and it is located in Lake county. The lowest prices are found in ZIP 55614, while the highest are in ZIP 55614. The average price per sqare feet is $145. Our analysis is based on 9 property listings.

Avergage prices by ZIP codes Silver Bay

55614166 $ / ft²




Historical development of home values in Silver Bay

Year Estimated value (USD) Change vs. 2025
2010 $117,596 -53.6%
2011 $113,049 -55.4%
2012 $112,744 -55.5%
2013 $116,958 -53.8%
2014 $122,774 -51.5%
2015 $129,075 -49.0%
2016 $135,811 -46.4%
2017 $143,142 -43.5%
2018 $151,055 -40.3%
2019 $158,060 -37.6%
2020 $166,231 -34.4%
2021 $189,069 -25.3%
2022 $220,412 -13.0%
2023 $232,435 -8.2%
2024 $245,882 -2.9%
2025 $253,212 0.0%

Graph: estimated home values in Silver Bay over time (USD)



Example: 100% financing house in Silver Bay

Loan amount: $253,212

Interest rate: 6.00%

Fixed monthly payment: $1,518.13

Breakdown in the 1st month:
Interest portion: $1,266.06  –  Principal portion: $252.07

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,108.13 $3,109.47 $250,102.53
2 $14,916.35 $3,301.26 $246,801.27
3 $14,712.73 $3,504.87 $243,296.40
4 $14,496.56 $3,721.05 $239,575.35
5 $14,267.05 $3,950.55 $235,624.80
6 $14,023.39 $4,194.21 $231,430.58
7 $13,764.70 $4,452.90 $226,977.68
8 $13,490.06 $4,727.55 $222,250.13
9 $13,198.47 $5,019.13 $217,231.00
10 $12,888.90 $5,328.70 $211,902.30
11 $12,560.24 $5,657.37 $206,244.93
12 $12,211.31 $6,006.30 $200,238.63
13 $11,840.85 $6,376.75 $193,861.88
14 $11,447.55 $6,770.06 $187,091.82
15 $11,029.99 $7,187.62 $179,904.20
16 $10,586.67 $7,630.94 $172,273.26
17 $10,116.01 $8,101.60 $164,171.67
18 $9,616.32 $8,601.29 $155,570.38
19 $9,085.81 $9,131.79 $146,438.58
20 $8,522.58 $9,695.02 $136,743.56
21 $7,924.62 $10,292.99 $126,450.57
22 $7,289.77 $10,927.84 $115,522.73
23 $6,615.76 $11,601.85 $103,920.88
24 $5,900.18 $12,317.42 $91,603.46
25 $5,140.47 $13,077.13 $78,526.33
26 $4,333.90 $13,883.70 $64,642.62
27 $3,477.59 $14,740.02 $49,902.60
28 $2,568.45 $15,649.15 $34,253.45
29 $1,603.25 $16,614.36 $17,639.09
30 $578.51 $17,639.09 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Silver Bay, MN


1500 sqft3900 sqft
Ø selling price$263,176$559,845
Ø fast selling$239,251$503,861
Ø high price sale$287,100$615,830

In 2026, houses in Silver Bay, MN will be offered at an average price of $145 per square foot. A 1,500 sqft home priced at $263,176 is 24.98% more expensive per square foot than a 3,900 sqft home priced at $559,845. Home prices in Silver Bay, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $387,586. Sellers who can wait longer may achieve a higher price of up to $473,716.

FAQ – Home Values in Silver Bay

What is the median home value in Silver Bay in 2026?

In 2026, the typical home value in Silver Bay is about $253,212 for an average home size of 1749 square feet. This corresponds to an average price of roughly $145 per square foot.

What is the average cost per square foot in Silver Bay?

In 2026, homes in Silver Bay sell for an average of around $145 per square foot, with a typical range between $152 and $152 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Silver Bay is about 1749 square feet, with an estimated 2026 value around $253,212.



Locations close to Silver Bay, MN

Tofte, MN159 $ / ft²
Two Harbors, MN72 $ / ft²
Alborn, MN190 $ / ft²
Schroeder, MN152 $ / ft²
Lutsen, MN162 $ / ft²
Knife River, MN129 $ / ft²
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