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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Silver Lake, MN Housing Affordability Index

Silver Lake, Minnesota has an MBR Housing Affordability Index score of 129.1 (Highly Affordable) as of October 30, 2026, ranking 412th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $202,600 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,107, or 18% of the city’s $74,432 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Silver Lake is updated every night from live Minnesota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Silver Lake MBR-HAI 129.1 Highly Affordable
Rank in Minnesota 412 of 809 1 = most affordable
Minnesota 97.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% Minnesota lenders
Median home value $202,600 U.S. Census Bureau

Silver Lake is 31.7 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Silver Lake Mortgage Rates

What It Takes to Buy in Silver Lake

$1,107/mo
Principal & Interest
Median home, 20% down, 7.27%
$47,500
Income Needed
To keep the payment at 28% of income
$74,432
Median Household Income
Minnesota: $89,062
2.7x
Price-to-Income Ratio
Minnesota: 3.7x
$1,061/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,932/yr
Median Property Tax
1.45% of median value
22.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
14.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Silver Lake, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Silver Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Silver Lake, Minnesota score: 129.1 (Highly Affordable), ranked 412 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/silver-lake”