Silver Lake

Tucked into Summit County, Silver Lake is a small Ohio municipality of 2,514 residents spread across 1,014 housing units. With 92.1 percent of homes owner-occupied, the community is composed almost entirely of homeowners, leaving a relatively thin rental market reflected in a median gross rent of $1,696 per month. The median household income of $142,083 places the community well above state and national medians. The housing stock is modest in total count, consistent with a compact, established residential enclave rather than a rapidly expanding area. Residents here largely commute out for work, with just 1.1 percent reporting they work from home, suggesting most employment is based in surrounding communities and the broader Akron metro area. The community sits within easy reach of neighboring cities, making it accessible to regional employers while maintaining its own distinct residential identity shaped by decades of stable homeownership and a tight-knit population.

Market description generated from current MLS and U.S. Census data.