The median home value in Silver Bay, MN is $175,000. This is lower than the county median home value of $236,200. The national median home value is $338,100. The average price of homes sold in Silver Bay, MN is $175,000. Approximately 72.3% of Silver Bay homes are owned, compared to 11.1% rented, while 16.6% are vacant. Silver Bay real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Silver Bay real estate agent to arrange a tour today!
Silver Bay, Minnesota has a population of 1,603. Silver Bay is more family-centric than the surrounding county with 26.22% of the households containing married families with children. The county average for households married with children is 25.72%.
The median household income in Silver Bay, Minnesota is $61,544. The median household income for the surrounding county is $66,828 compared to the national median of $69,021. The median age of people living in Silver Bay is 47.8 years.
The average high temperature in July is 76.1 degrees, with an average low temperature in January of 1.2 degrees. The average rainfall is approximately 31.7 inches per year, with 74 inches of snow per year.