HomeMinnesotaMcLeod CountySilver Lake
Silver Lake, Minnesota: commercial real estate data.
Silver Lake is a Census city of 815 people across 0.41 square miles of land, in McLeod County. Median household income is $74,432, 80.2 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $30,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Silver Lake
What Silver Lake is
- Census place typecity
- Land area0.41 sq mi
- Water area0 sq mi
- Population per square mile of land1,983 plus or minus 521
- County holding the largest share of its areaMcLeod County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Silver Lake
How many people live in Silver Lake
- Population815 plus or minus 214
- Median age43.7 plus or minus 11.9
- Population under 18145 plus or minus 56
- Share under 1817.8 percent plus or minus 5.1
- Population 65 and over176 plus or minus 54
- Share 65 and over21.6 percent
- Households353 plus or minus 92
- Family households176 plus or minus 46
- Share of households that are families49.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Silver Lake
Income and work in Silver Lake
- Median household income$74,432 plus or minus $17,063
- Per capita income$40,169
- Civilian labor force489 plus or minus 169
- Employed463 plus or minus 164
- Unemployed26 plus or minus 19
- Unemployment rate5.3 percent plus or minus 3.4
- Adults 25 and over584 plus or minus 141
- Adults 25 and over with a high school diploma or higher84.9 percent plus or minus 26.4
- Adults 25 and over with a bachelor degree or higher10.8 percent plus or minus 2.8
- Adults 25 and over with a graduate degree3.6 percent plus or minus 1.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Silver Lake
Housing in Silver Lake
- Housing units373 plus or minus 93
- Occupied units353 plus or minus 92
- Vacant units20 plus or minus 17
- Vacancy rate5.4 percent plus or minus 4.4
- Owner occupied283 plus or minus 74
- Renter occupied70 plus or minus 57
- Ownership rate80.2 percent
- Median owner-occupied home value$202,600
- Median gross rent, monthly$844
- Annual rent as a share of median income13.6 percent plus or minus 3.2
- Single family units291 plus or minus 73
- Share single family78.0 percent
- Units in buildings of two or more82 plus or minus 58
- Share in buildings of two or more22.0 percent plus or minus 14.7
- Mobile homes0
- Median year structure built1958
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Silver Lake
How Silver Lake gets to work
- Workers 16 and over who commute432 plus or minus 161
- Commuting under 15 minutes75 plus or minus 39
- Share commuting under 15 minutes17.4 percent plus or minus 6.4
- Commuting 30 minutes or more130 plus or minus 36
- Share commuting 30 minutes or more30.1 percent plus or minus 14.0
- Drove alone88.3 percent
- Carpooled4.0 percent plus or minus 2.5
- Public transport0.0 percent
- Walked1.8 percent plus or minus 1.4
- Worked from home4.8 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Silver Lake
SBA loans in Silver Lake (7(a))
- Approvals1
- Gross approval$30,000
- Average approval$30,000
- Median approval$30,000
- Largest approval$30,000
- Jobs supported2
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Silver Lake, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Silver Lake
Flood risk in Silver Lake
- NFIP communityCity of Silver Lake
- NFIP community number270662
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/07/14(M)
The City of Silver Lake participates in the National Flood Insurance Program as community 270662 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
McLeod County, not Silver Lake
McLeod County context, not Silver Lake figures
- Establishments in McLeod County956
- Covered employment, McLeod County15,697
- Average annual pay, McLeod County$56,991
- Housing units permitted, McLeod County50
Every figure in this section is published for McLeod County as a whole and is not a measurement of Silver Lake.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Silver Lake questions, answered from the record.
How many people live in Silver Lake, Minnesota?
815, in 353 households. Silver Lake city covers 0.41 square miles of land, which is 1,983 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Silver Lake in?
McLeod County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Silver Lake?
$74,432. The median owner-occupied home is valued at $202,600. Median gross rent is $844 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Silver Lake businesses?
1 7(a) approvals totaling $30,000 since FY2020, across 1 lenders, median approval $30,000. These count approvals to borrowers whose address is in Silver Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Silver Lake borrowers get paid back?
No rate is published for Silver Lake. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Silver Lake in the National Flood Insurance Program?
Yes. Silver Lake appears in the FEMA Community Status Book as Silver Lake, city of, community 270662, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Silver Lake figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McLeod County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Silver Lake.
Is zoning published for Silver Lake?
No. Nothing on this page presents parcel level zoning.
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