Housing in Silver Bay, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$162,159

Silver Bay vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Silver Bay is highlighted.

Median Home Value

41st%ilemost expensive$150,700show rank

Median Rent

59th%ilemost expensive rent$1,044show rank

Rent Burden

43rd%ilehighest rent burden17.7%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$150,700

Median Rent

$1,044

Total Housing Units

1,001

Vacancy Rate

9.1%

Owner Occupied

80.8%

Renter Occupied

19.2%

Median Property Tax

$1,037

per year

Monthly Cost (w/ Mortgage)

$651

Housing Types

Single Family

89.4%

Multi-Family

9.3%

Mobile Home

1.3%

The median home value in Silver Bay, MN is $150,700. According to Zillow, the home value index for Silver Bay is $162,159. The median rent is $1,044 per month (Census ACS). About 80.8% of housing units are owner-occupied. The median year homes were built is 1958. There are 1,001 total housing units.