Silver Lake

Located in Summit County, this small community of 2,514 residents offers an exceptionally tight real estate market with only 3 active listings currently available. The median home price stands at $625,000, translating to $186 per square foot for properties that average 3,651 square feet. This pricing reflects the area's desirable residential character, supported by a high median household income of $142,083 and an impressive 92.1% owner-occupied rate that demonstrates strong community stability. Families are served by the Cuyahoga Falls City School District, adding to the location's appeal for homebuyers prioritizing education access. The extremely limited inventory suggests strong demand relative to supply, typical of established neighborhoods where residents tend to stay long-term. The substantial average home size indicates a market oriented toward larger, family-focused properties, while the high ownership rate reflects both the community's residential nature and the financial capacity of its residents to invest in homeownership rather than renting.

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