Silver Bay, MN Housing Statistics

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48%

Med. Home Val. NAT. AVG.

14%

Rent NAT. AVG.

37%

Owner Occ. NAT. AVG.

Silver Bay Housing Information

Index	Silver Bay	Minnesota	National
Median home price	$171,075	$339,061	$326,622
Median rent asked	$1,247	$1,332	$1,444
Avg. people per household	1.7	2.4	2.6
Owner occupied households	87.4%	71.4%	63.6%
Renter occupied households	12.6%	28.6%	36.4%

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Homes For Sale In Silver Bay, MN

4155 Liberty Rd

Two Harbors, MN

24 Horn Blvd

Silver Bay, MN

4155 Liberty RD

Beaver Bay, MN

26 Gibson Rd

Silver Bay, MN

Housing Quick Facts

The median home price in Silver Bay is 48% lower than the national average.
The median rent asked in Silver Bay is 14% lower than the national average.
The average number of people per household in Silver Bay is 33% lower than the national average.
The number of owner occupied households in Silver Bay is 37% higher than the national average.
The number of renter occupied households in Silver Bay is 65% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Finland, MN	216	$217,944	33%
Beaver Bay, MN	65	$321,825	1%
Silver Bay, MN	1,669	$171,075	48%

Cities with similar population

	Population	Home Price	National Avg.
Westwood, PA	1,669	$151,918	53%
Estancia, NM	1,669	$151,991	53%
Plymouth, OH	1,669	$144,486	56%
Rossmoyne, OH	1,670	$214,904	34%
Justice, OK	1,670	$351,008	7%
Silver Bay, MN	1,669	$171,075	48%

Source: The Silver Bay, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.