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AREA INFORMATION

55614 (Silver Bay, MN)

Explore the real estate in 55614 (Silver Bay, MN)

Area Highlights

55614 (Silver Bay, MN) residents have a median age of 53.7 years old, with employment highest in the construction and administrative support industries.

2,659 Population

The population has increased by 0.4% since the year 2010.

1,259 Households

$69,410 /yr
Median Household Income

$209,375
Median Home Sale Price

16m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

53.7 Median Age

Average Household Size

2.1
persons per
household

46.7%

Married Households

Community Population By Education

High School Graduate 30%
Some College 26%
Bachelors Degree 18%
Associates Degree 14%
Graduate Degree 7%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 30.33% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
18.7% of households have children

Area Schools

PK-6
1.6 MILES
B
William Kelley Elementary School
7-12
1.7 MILES
B
William M. Kelley Secondary School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$69,410 /yr
Median Household Income
$209,375
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 17.53% of the households.

Transportation to Work

  • Drive 78%
  • Work from Home 18%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 1,124 67%
Vacant 432 26%
Rented 135 8%

White vs Blue Collar Jobs







White Collar 67%
Blue Collar 33%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 53.7 years old. The smallest percentage group is 55-64 years and the largest percentage is the 18-24 years age range.

Community Population By Ethnicity

White 95%
Hispanic <1%
Asian <1%
Other <1%
Native American <1%
Black <1%
The most prevalent ethnicity is White at 95%, followed by Hispanic at <1%, Asian at <1%, and Other at <1%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

77° July
Hottest Average Month
-2° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
-2°
17°
Feb
2°
23°
Mar
13°
33°
Apr
27°
47°
May
38°
62°
Jun
48°
71°
Jul
53°
77°
Aug
52°
74°
Sep
43°
64°
Oct
33°
52°
Nov
19°
34°
Dec
5°
22°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$20,000
For sale
0.2 acres

Xxx 2 Burk Dr
Silver Bay, MN 55614

$49,900
For sale
0.89 acres

Lot 3 Block 2 Marks Dr
Silver Bay, MN 55614

$175,000
For sale
3 beds • 1 baths • 864 sqft

34 Banks Blvd
Silver Bay, MN 55614

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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