Silver Lake, Indiana.
Typical home $194,353 (+9.5% in a year). Warsaw, IN metro.
to buy the typical home at today's mortgage rate — +$601 (+144%) since Jan 2020.
- 1 year
- Up $16,887 +10%
- $177,466$194,353 since Sep 2025
- 5 years
- Up $54,406 +39%
- $139,947$194,353 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Silver Lake$1,020
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Silver Lake, IN rose 9.5% over the past year — faster than the nation's +1.2%.
Living in Silver Lake, Kosciusko County, Indiana
Silver Lake is a town of 875 people in Kosciusko County. Half its households earn more than $55,272 a year and half less, against $75,317 across Kosciusko County; 15% of its people live below the poverty line. 79% of its homes are lived in by their owners and 21% are rented. Unemployment in Kosciusko County was 3.4% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most people in Kosciusko County work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Silver Lake is a very small town in Kosciusko County, Indiana, where most homes are lived in by their owners. Household incomes run below the county's, and a four-year degree is less common among adults here than in much of the country. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow fall steadily through the year.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in shops, and in restaurants, hotels and entertainment. Across Kosciusko County, some of the largest workplaces are Warsaw Community Schools, Poly-Wood, which makes goods from polyethylene resins, and Walmart. Commutes are on the long side, and almost no one works from home. The county has seen slightly fewer jobs than the year before, though unemployment there is low and close to where it stood a year ago.
Things to do. A short drive from town are Swank Creek, Pony Creek and Simonton Creek, small streams for a quiet walk along the water. For a longer outing, Lake Manitou is a lake a longer drive away, and Tippecanoe Lake is another. The Salamonie River is also a longer drive away.
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- 375households
- 8%of adults have a degree
- 15%below the poverty line
- 27 mintypical commute
- 1%work from home
What people in Kosciusko County work in
Employed residents by industry, from the Census survey. Kosciusko County had 35,757 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 17°; warmest in July, with highs near 83° and lows near 62°. About 30 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the North Manchester Wwtp weather station, 8 miles away (NOAA).
Largest workplaces in Kosciusko County
- THE Otis R. Bowen CenterPsychiatric hospital1,145FTE
- Poly-Wood LLC - IndianaPolyethylene resins manufacturing1,079
- Warsaw Community SchoolsSchool district891FTE
- Forte ResidentialCompanion services for disabled persons, the elderly, and persons diagnosed with intellectual and developmental disabilities888
- Johnson JohnsonSurgical appliance and supplies mfg.848
- WalmartWarehouse clubs and supercenters383
- Wawasee Community School CorpSchool district382FTE
- Kosciusko Community HospitalGeneral hospital376FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 87 workplaces with 20 or more staff, 12,167 people in all across the county; Silver Lake has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- Cold wavesRelatively high
- TornadoesRelatively high
- DroughtRelatively moderate
- LightningRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Silver Lake’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Kosciusko County and the Warsaw, IN metro.
Silver Lake home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Silver Lake$194,353
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Silver Lake14
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Silver Lake address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Silver Lake — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.