Housing data for Silver Lake, OH

Silver Lake, OH has an estimated 2,515 residents and 1,051 homes (US Census Bureau, 2020–2024 American Community Survey).

It is a village in Summit County.

5.9% of households rent.

Figures last updated on .

Residents
2,515 (±34)
Housing units
1,051 (±90)
Households that rent
5.9%
Residents since 2015–2019
−0.7%

What stands out in Silver Lake

Median household income: $139,934 (±$28,865) in Silver Lake, higher than in Summit County ($71,622).

Households that rent: 5.9% (±4.0 points) in Silver Lake, lower than in Summit County (32.5%).

Median real estate taxes: $5,524 (±$602) in Silver Lake, higher than in Summit County ($3,195).

Homes in buildings of 5 or more units: 0.0% (±6.1 points) in Silver Lake, lower than in Summit County (14.7%).

Housing in Silver Lake at a glance

  • Rent burden: 23.3% of renters pay 30% or more of income (Small sample: wide margin of error)
  • Renters and owners: 5.9% of households rent (Small sample: wide margin of error)
  • Income and affordability: $139,934 median household income
  • Home values: $319,400 median home value
  • Homeowner costs: $2,028 median monthly cost with a mortgage
  • Property taxes: $5,524 median real estate taxes a year
  • Types of homes: 0.0% of homes are in buildings of 5 or more units
  • Bedrooms: 89.4% of homes have 3 or more bedrooms
  • Age of homes: 86.0% of homes were built before 1980
  • Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
  • Heating fuel: 97.7% heat with utility gas
  • Commute and cars: 25.6 minutes average trip to work
  • Growth: −0.7% residents since 2015–2019
  • How long people stay: 19.1% moved in since 2020
  • Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)

Silver Lake against Summit County, its state and the nation

Estimate (90% margin of error)
Silver LakeSummit CountyOhioUnited States
Residents2,515 (±34)537,864 (exact)11,810,293 (exact)334,922,499
Housing units1,051 (±90)247,924 (±182)5,292,391 (±464)143,775,355
Households that rent5.9% (±4.0 points)32.5% (±0.7 points)32.8% (±0.3 points)34.8%
Median gross rent—$1,026 (±$14)$1,034 (±$5)$1,413
Median household income$139,934 (±$28,865)$71,622 (±$1,137)$71,389 (±$321)$80,734
Median home value$319,400 (±$22,067)$208,700 (±$2,983)$214,800 (±$742)$332,700
Median real estate taxes (a year)$5,524 (±$602)$3,195 (±$48)$2,822 (±$10)$3,119
Built before 198086.0% (±10.8 points)68.2% (±1.2 points)63.4% (±0.2 points)49.7%
Average commute25.6 minutes (±5.4)23.2 minutes (±0.4)23.4 minutes (±0.1)26.4 minutes
Households with broadband96.3% (±2.5 points)91.6% (±0.5 points)90.1% (±0.1 points)91.0%
Median age of residents52.9 years (±3.7)41.4 years (±0.2)39.7 years (±0.2)38.9 years

Silver Lake covers 1.4 square miles of land, about 1,769 residents per square mile (Census Bureau Gazetteer).

How Silver Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Residents2,532 (±140)2,515 (±34)−0.7%Not a measurable change
Housing units1,054 (±48)1,051 (±90)−0.3%Not a measurable change
Median home value$227,600 (±$8,509)$319,400 (±$22,067)+40.3%Up after inflation
Median household income$108,958 (±$15,990)$139,934 (±$28,865)+28.4%No measurable change after inflation
Median owner cost with a mortgage$1,630 (±$75)$2,028 (±$150)+24.4%No measurable change after inflation
Median real estate taxes$4,006 (±$237)$5,524 (±$602)+37.9%No measurable change after inflation
Households that rent2.9% (±1.6 points)5.9% (±4.0 points)+3.0 percentage pointsNot a measurable change
Rental vacancy rate26.3% (±32.5 points)0.0% (±41.1 points)−26.3 percentage pointsNot a measurable change

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.

Crime reported to police in Summit County

Silver Lake has no police department of its own in the FBI’s figures, so this is the figure for Summit County as a whole.

In 2025, the police departments that report for Summit County recorded 426 violent and 2,028 property crimes per 100,000 residents.

A county-wide figure describes the whole county, not this place; crime varies from one community to the next.

Places near Silver Lake

Nearest places with Census figures, by straight-line distance
PlaceDistanceMedian gross rentMedian home valueHouseholds that rent
Munroe Falls1.5 mi—$250,80020.8%
Stow1.7 mi$1,212$248,00028.0%
Tallmadge3.8 mi$1,067$232,50017.3%
Kent4.9 mi$991$219,90059.2%
Cuyahoga Falls5.4 mi$1,038$183,30035.6%
Hudson5.8 mi$2,344$466,50011.6%
Franklin Township (Portage County)6.1 mi$971$246,30039.4%
Akron6.3 mi$955$122,00049.3%

HUD Fair Market Rent for Silver Lake, fiscal year 2027

Akron, OH MSA, dollars a month
Studio1 bedroom2 bedrooms3 bedrooms4 bedrooms
$886$952$1,231$1,474$1,618

HUD income limits for Silver Lake, fiscal year 2026

Akron, OH MSA, annual household income
Household sizeExtremely low (30%)Very low (50%)Low (80%)
1 person$20,450$34,000$54,400
2 people$23,350$38,850$62,200
3 people$27,320$43,700$69,950
4 people$33,000$48,550$77,700
5 people$38,680$52,450$83,950
6 people$44,360$56,350$90,150
7 people$50,040$60,250$96,350
8 people$55,720$64,100$102,600

These are the limits HUD sets for its housing programs in the Akron, OH MSA, where HUD’s median family income for fiscal year 2026 is $97,100.

A program can use its own limits; tax-credit and local programs often do.

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 Lake

What is the median household income in Silver Lake?

The median household income in Silver Lake is $139,934 (±$28,865) a year (2020–2024 American Community Survey).

What is the average home value in Silver Lake, OH?

The Census Bureau publishes the median: $319,400 (±$22,067) for owner-occupied homes in Silver Lake (2020–2024 American Community Survey).

What is the average mortgage payment in Silver Lake?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Silver Lake, OH is $2,028 (±$150) a month, including taxes, insurance and utilities.

How much are property taxes in Silver Lake?

The median real estate tax paid by homeowners in Silver Lake, OH is $5,524 (±$602) a year (2020–2024 American Community Survey).

How many homes are in Silver Lake?

Silver Lake, OH has an estimated 1,051 (±90) housing units, occupied and vacant (2020–2024 American Community Survey).

What is the most common home size in Silver Lake?

The most common size is 3 bedrooms, 42.8% of homes in Silver Lake, OH.

Is Silver Lake growing?

In Silver Lake, the number of residents went from 2,532 in 2015–2019 to 2,515 in 2020–2024 (−0.7%), not a measurable change.

Sources

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) for Silver Lake village, Ohio (place:72494, in state:39).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M

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 .

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