How much do homeowners pay a month in Silver Creek Township (Lake County), MN?
Homeowners with a mortgage in Silver Creek Township (Lake County), MN pay a median of $1,963 (±$393) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $617 (±$69).
51.2% of owned homes carry a mortgage.
In Silver Creek Township (Lake County), the median monthly cost with a mortgage went from $1,375 in 2015–2019 to $1,963 in 2020–2024 (+42.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- With a mortgage
- $1,963 (±$393)
- Without a mortgage
- $617 (±$69)
- Owned with a mortgage
- 51.2%
Monthly owner costs in Silver Creek Township (Lake County)
| Silver Creek Township (Lake County) | Lake County | Minnesota | United States | |
|---|---|---|---|---|
| With a mortgage | $1,963 (±$393) | $1,569 (±$102) | $1,947 (±$7) | $1,963 |
| Without a mortgage | $617 (±$69) | $518 (±$25) | $698 (±$3) | $638 |
| Owned homes with a mortgage | 51.2% (±9.1 points) | 54.4% (±3.9 points) | 64.0% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $2,443 (±$291) | $1,765 (±$80) | $3,357 (±$10) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Silver Creek Township (Lake County), the median cost with a mortgage is not measurably different from Lake County ($1,569).
It is not measurably different from Minnesota ($1,947).
It is not measurably different from the national figure ($1,963).
In Lake County, Silver Creek Township (Lake County) ranks 2 of 8 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 649 of 2,496.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Silver Creek Township (Lake County) have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $1,375 (±$176) | $1,963 (±$393) | +42.8% | No measurable change after inflation |
| Median real estate taxes | $1,528 (±$138) | $2,443 (±$291) | +59.9% | Up after inflation |
| Median home value | $225,000 (±$20,740) | $369,900 (±$38,002) | +64.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Silver Creek Township (Lake County)
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Silver Creek Township (Lake County) | — | $1,963 (±$393) | — |
| Pequaywan Township | 13 mi | $2,094 (±$364) | Not measurably different |
| Beaver Bay | 14 mi | $1,604 (±$275) | Not measurably different |
| Silver Bay | 15 mi | $1,038 (±$86) | Lower |
| Two Harbors | 15 mi | $1,373 (±$175) | Lower |
| Beaver Bay Township | 16 mi | $1,647 (±$90) | Not measurably different |
| Fairbanks Township | 16 mi | $1,708 (±$1,017) | Not measurably different |
| Ault Township | 17 mi | $1,472 (±$592) | Not measurably different |
| Alden Township (St. Louis County) | 17 mi | $1,792 (±$434) | Not measurably different |
Nearby places with a measurably lower figure: Silver Bay, MN ($1,038), Two Harbors, MN ($1,373).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Lake County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Fall Lake Township | $2,054 (±$252) |
| 2 | Silver Creek Township (Lake County) | $1,963 (±$393) |
| 3 | Beaver Bay Township | $1,647 (±$90) |
| 4 | Beaver Bay | $1,604 (±$275) |
| 5 | Two Harbors | $1,373 (±$175) |
| 6 (tie) | Crystal Bay Township | $1,350 (±$527) |
| 6 (tie) | Stony River Township | $1,350 (±$126) |
| 8 | Silver Bay | $1,038 (±$86) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Silver Creek Township (Lake County)
What is the average mortgage payment in Silver Creek Township (Lake County)?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Silver Creek Township (Lake County), MN is $1,963 (±$393) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Silver Creek Township (Lake County)?
Owners without a mortgage in Silver Creek Township (Lake County) pay a median of $617 (±$69) a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Silver Creek Township (Lake County) gone up?
In Silver Creek Township (Lake County), the median monthly cost with a mortgage went from $1,375 in 2015–2019 to $1,963 in 2020–2024 (+42.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Silver Creek township, Lake County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Silver Creek township, Lake County, Minnesota (county subdivision:60304, in state:27 county:075).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Silver Creek Township (Lake County) at a glance
- Income and affordability in Silver Creek Township (Lake County)
- Home values in Silver Creek Township (Lake County)
- Property taxes in Silver Creek Township (Lake County)
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- Bedrooms in Silver Creek Township (Lake County)
- Age of homes in Silver Creek Township (Lake County)
- Heating fuel in Silver Creek Township (Lake County)
- Commute and cars in Silver Creek Township (Lake County)
- Population growth in Silver Creek Township (Lake County)
- Minnesota landlord and tenant rules
- Housing across Lake County
- Housing data for every place in Minnesota