Silver Lake, Rochester, MN
Silver Lake — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Silver Lake, Rochester, Minnesota. Explore the cited sources and local facts below while agent underwriting continues.
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Silver Lake Neighborhood Overview
Silver Lake is a residential neighborhood in Rochester, Minnesota, known for its namesake body of water and central location. The area offers a blend of quiet streets and convenient access to the city's major employers and amenities. Its ZIP code is 55901, placing it near the heart of the community.
Lifestyle & Amenities
The neighborhood's central feature is Silver Lake itself, which provides a scenic setting for walking, biking, and watching the famous geese and ducks. Residents enjoy proximity to shopping centers, local restaurants, and essential services without needing to travel far. This balance of recreation and convenience defines daily life in the area.
Real Estate Market
The Silver Lake real estate market features a median home value of $270,300, with a price per square foot around $176.95. Homes typically sell after about 35 days on the market, and approximately 64% of residents are homeowners, while others rent at a median rate of $1,239 per month.
Schools & Education
Families in Silver Lake are served by the Rochester Public Schools district, which is highly regarded in the region. The specific schools serving the neighborhood vary by exact address and grade level. The area's strong educational system is a key draw for households.
Transportation & Connectivity
Silver Lake benefits from excellent connectivity via major roads like Civic Center Drive and 2nd Street, facilitating easy commutes across Rochester. Public transit options are available through Rochester Public Transit. The neighborhood's central position makes reaching downtown, the Mayo Clinic campus, and the airport straightforward.
Why Choose Silver Lake
Silver Lake appeals to those seeking an established neighborhood with a median household income of $85,890 and direct access to natural beauty and city conveniences. It represents a stable investment in a community-oriented part of Rochester. The combination of scenic living, a solid housing market, and central location makes it a compelling choice for many.
Silver Lake Market Data
| Metric | Value |
|---|---|
| Median Home Price | $270K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $86K |
| Homeownership Rate | 64.3% |
| Renter-Occupied | 35.7% |
| Rental Vacancy Rate | 6.5% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 55901 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 148,162 |
| VA Loan Originations | 5,773 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $316K |
| Conventional Loan Originations | 131,728 |
| FHA Loan Originations | 10,661 |
Top Real Estate Agents in Silver Lake, Rochester
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Silver Lake, Rochester, MN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Minnesota Department of Commerce — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12