Silver Lake, IN—46982
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Silver Lake, IN
As of Oct '25, the median home price in Silver Lake, IN is $179,000, with a year-over-year change of 4.5%. This indicates that home prices in Silver Lake, IN are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $179,000 | 4.5% |
| Single Family | $178,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 4.8% |
3 Bed | $216,000 | 4.3% |
4 Bed | $257,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Silver Lake, IN
As of July '25, Rentcast reports the average rent in Silver Lake, IN is $850, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Silver Lake, IN is 2-bedrooms: $850. The most common rental property sizes in Silver Lake, IN are 2-bedroom and 3-bedroom, accounting for 50.4% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Silver Lake, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Silver Lake, IN is 14. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $151,000 | 31.0% |
Listing Count | 11 | -13.0% |
| Listings as % of Homes | 0.1% | -13.0% |
Days on Market | 14 | -15.0% |
Demographics — Silver Lake, IN
As of the latest ACS Survey released in 2023, Silver Lake, IN has a population of 2,650, which has increased by 9.9% over the past 5 years. Silver Lake, IN is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 19.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,650 | 9.9% |
% Under 18 | 21.0% | -14.3% |
% Seniors | 24.8% | 77.1% |
% WFH | 6.0% | 36.4% |
% w/ College Degree | 19.5% | 54.8% |
As of the latest ACS Survey released in 2023, Silver Lake, IN is a predominantly white area, with 98.6% of the population identifying as white. The white population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in Silver Lake, IN is hispanic, making up 0.8% of the population. Foreign-born residents account for 1.8% of the population in Silver Lake, IN, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.6% | 2.1% |
% Black | 0.0% | N/A |
% Hispanic | 0.8% | -60.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.8% | 12.5% |
Mortgage and Risk — Silver Lake, IN
According to HUD data as of 2023, there were 80 mortgage originations in Silver Lake, IN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Silver Lake, IN. Investor activity is low, as 1.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 80 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Silver Lake, IN
Silver Lake, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $150 | $850 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Silver Lake, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $179,000 |
| Median Household Income | $75,700 |