What income do you need to buy a house in Silver Lake, MN?

It takes about $90,000/yr to afford the typical Silver Lake, MN home ($315K, +1.1% past year) at today's rates. Starter homes run around $211K. See if you can afford a house in Silver Lake (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $90,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, MN property tax and insurance)
• Typical home value: $315K (Zillow ZHVI, 2026-07)
• 1-year change: +1.1%
• Bottom 35% of homes: $211K
• Top 35% of homes start around: $493K
• Median household income: $74K
• Price-to-income ratio: 4.2
• Estimated payment on the typical home: $1,635/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Hutchinson, MN — typical home $302K
• Glencoe, MN — typical home $259K
• Waconia, MN — typical home $470K
• Delano, MN — typical home $443K
• Litchfield, MN — typical home $261K
• Minnetrista, MN — typical home $690K

The most affordable cities to buy a house in Minnesota

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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