Silver Lake, Minnesota.
Typical home $309,216 (+0.6% in a year). Hutchinson, MN metro.
to buy the typical home at today's mortgage rate — +$875 (+117%) since Jan 2020.
- 1 year
- Up $1,695 +1%
- $307,521$309,216 since Sep 2025
- 5 years
- Up $58,788 +23%
- $250,429$309,216 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$1,623
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Silver Lake, MN rose 0.6% over the past year — slower than the nation's +1.2%.
Living in Silver Lake, McLeod County, Minnesota
Silver Lake is a city of 866 people in McLeod County. Half its households earn more than $74,432 a year and half less, against $80,084 across McLeod County; 3% of its people live below the poverty line. Unemployment in McLeod County was 5.0% in August 2026, and the county had 0.8% more jobs in 2025 than the year before. The most people in McLeod 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 It can be wrong or out of date.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 city, the kind of place where residents are likely to know one another. Household incomes run a little below the county's, and few residents live below the poverty line. Homes here cost somewhat more than many people expect for a town this size, and winters are cold, with snow and sub-freezing lows through January, followed by warm summers.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in shops, and in the building trades. Across McLeod County, the largest workplaces include 3M Company, Hutchinson Public School District and Hutchinson Health Care. Unemployment in the county is higher than a year ago, while the number of jobs has edged up slightly, and a typical commute is a moderate drive.
Things to do. Lake Todd and Lake Harrington are both lakes a short drive away, which makes them the easiest places for time on the water. The Crow River is a river a longer drive away. The biggest ball of twine is a tourist attraction, also a longer drive away, and is the best known stop on the list of nearby places.
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- 11%of adults have a degree
- 3%below the poverty line
- 25 mintypical commute
- 5%work from home
What people in McLeod County work in
Employed residents by industry, from the Census survey. McLeod County had 15,822 jobs in 2025, 0.8% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 22° and lows near 5°; warmest in July, with highs near 83° and lows near 63°. About 30 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Hutchinson North weather station, 8 miles away (NOAA).
Largest workplaces in McLeod County
- 3M Company1,235
- HealthPartners, Inc.General medical and surgical hospitals486
- Hutchinson Public School DistrictSchool district410FTE
- Hutchinson Health CareGeneral hospital408FTE
- Seneca FoodsVegetable canning404
- Glencoe Regional Health ServicesCritical access hospital345FTE
- WalmartWarehouse clubs and supercenters337
- Presbyterian Homes & Services231
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 84 workplaces with 20 or more staff, 8,404 people in all across the county; Silver Lake has one of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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 windVery high
- Cold wavesVery high
- HailRelatively high
- TornadoesRelatively high
- Winter weatherRelatively high
- Ice stormsRelatively 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 moderate. 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 McLeod County and the Hutchinson, MN 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$309,216
- Minnesota$348,778
- 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 Lake10
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.