House Prices

House Prices & Home Values Silver Lake, MN 2026


Average Data

average house price$599,000
average size per house4804 ft²
average price per ft²125 $ / ft²

04/16/2026 - The value range (VR) for house prices in Silver Lake, MN is $163/ sqft to $163/ sqft. An average home with 4804 sqft costs approximately $783,052 to $783,052. Silver Lake, MN includes 1 ZIP codes and it is located in McLeod county. The lowest prices are found in ZIP 55381, while the highest are in ZIP 55381. The average price per sqare feet is $125. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Silver Lake

55381173 $ / ft²




Historical development of home values in Silver Lake

Year Estimated value (USD) Change vs. 2025
2010 $278,186 -53.6%
2011 $267,429 -55.4%
2012 $266,709 -55.5%
2013 $276,678 -53.8%
2014 $290,435 -51.5%
2015 $305,342 -49.0%
2016 $321,276 -46.4%
2017 $338,617 -43.5%
2018 $357,338 -40.3%
2019 $373,907 -37.6%
2020 $393,236 -34.4%
2021 $447,264 -25.3%
2022 $521,409 -13.0%
2023 $549,850 -8.2%
2024 $581,659 -2.9%
2025 $599,000 0.0%

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



Example: 100% financing house in Silver Lake

Loan amount: $599,000

Interest rate: 6.00%

Fixed monthly payment: $3,591.31

Breakdown in the 1st month:
Interest portion: $2,995.00  –  Principal portion: $596.31

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $35,739.90 $7,355.79 $591,644.21
2 $35,286.21 $7,809.48 $583,834.73
3 $34,804.54 $8,291.15 $575,543.58
4 $34,293.16 $8,802.53 $566,741.05
5 $33,750.24 $9,345.45 $557,395.60
6 $33,173.83 $9,921.86 $547,473.74
7 $32,561.87 $10,533.82 $536,939.92
8 $31,912.17 $11,183.52 $525,756.40
9 $31,222.40 $11,873.30 $513,883.11
10 $30,490.08 $12,605.61 $501,277.49
11 $29,712.59 $13,383.10 $487,894.39
12 $28,887.15 $14,208.54 $473,685.85
13 $28,010.80 $15,084.89 $458,600.96
14 $27,080.40 $16,015.30 $442,585.66
15 $26,092.61 $17,003.08 $425,582.58
16 $25,043.89 $18,051.80 $407,530.78
17 $23,930.50 $19,165.19 $388,365.59
18 $22,748.43 $20,347.26 $368,018.33
19 $21,493.46 $21,602.23 $346,416.09
20 $20,161.08 $22,934.61 $323,481.48
21 $18,746.52 $24,349.17 $299,132.31
22 $17,244.72 $25,850.97 $273,281.34
23 $15,650.29 $27,445.40 $245,835.93
24 $13,957.51 $29,138.18 $216,697.76
25 $12,160.34 $30,935.36 $185,762.40
26 $10,252.31 $32,843.38 $152,919.02
27 $8,226.60 $34,869.09 $118,049.93
28 $6,075.95 $37,019.74 $81,030.19
29 $3,792.66 $39,303.03 $41,727.16
30 $1,368.53 $41,727.16 $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 Lake, MN


1500 sqft3900 sqft
Ø selling price$226,876$482,626
Ø fast selling$206,251$434,363
Ø high price sale$247,501$530,888

In 2026, houses in Silver Lake, MN will be offered at an average price of $125 per square foot. A 1,500 sqft home priced at $226,876 is 24.31% more expensive per square foot than a 3,900 sqft home priced at $482,626. Home prices in Silver Lake, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $334,125. Sellers who can wait longer may achieve a higher price of up to $408,376.


Discover Silver Lake, MN

Overview

Silver Lake, Minnesota is a welcoming small city in McLeod County known for lakeside charm and Midwest hospitality.
Located within easy reach of Hutchinson and the Twin Cities, Silver Lake offers convenient access to regional employers and attractions. Searchers looking for Silver Lake MN will find a tight-knit community that blends rural tranquility with modern amenities.

Outdoors & Events

The city?s namesake lake invites year-round outdoor recreation, including fishing, kayaking, and lakeside picnics in well-maintained parks.
Popular local events like Pola?Czesky Days celebrate the area?s Czech heritage with parades, live music, and family activities. Nearby trails, ballfields, and playgrounds make things to do in Silver Lake MN plentiful for visitors and residents of all ages.

Community & Living

Families appreciate access to the Glencoe?Silver Lake School District and a calendar full of community programs.
A mix of local restaurants, cafes, and small businesses anchors the downtown, while larger retail hubs are a short drive away. Homebuyers exploring Silver Lake MN real estate often find affordable single-family homes, lakeside properties, and spacious lots. Whether you are planning a weekend visit, opening a business, or relocating, Silver Lake, MN delivers friendly service, scenic views, and steady small-town growth.



FAQ – Home Values in Silver Lake

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

In 2026, the typical home value in Silver Lake is about $599,000 for an average home size of 4804 square feet. This corresponds to an average price of roughly $125 per square foot.

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

In 2026, homes in Silver Lake sell for an average of around $125 per square foot, with a typical range between $163 and $163 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 Lake is about 4804 square feet, with an estimated 2026 value around $599,000.



Locations close to Silver Lake, MN

South Haven, MN155 $ / ft²
Spring Park, MN271 $ / ft²
Stewart, MN104 $ / ft²
Shakopee, MN174 $ / ft²
Savage, MN159 $ / ft²
Saint Michael, MN143 $ / ft²
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