Market Overview
Home Prices in Silver Lake, OH
The median home value in Silver Lake, OH is $375,681 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Silver Lake are priced8% below average. Silver Lake is part of the Akron, OH metro area.
Over the past five years, Silver Lake home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
Silver Lake Home Price Trend
City Comparison
Silver Lake vs. National Median
At $375,681, homes in Silver Lake cost 8% below the national median of $410,000. This makes Silver Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Silver Lake?
20% Down Payment
$75,136
on $375,681
Monthly P&I
$1,959/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,488/mo
incl. taxes & insurance
Income Needed
$99,520
gross annual (30% rule)
10% Down Option
$37,568
+ PMI applies
Loan Amount (20% dn)
$300,545
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Silver Lake, OH?
The median home value in Silver Lake is $375,681 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Silver Lake?
Over the past year, home values in Silver Lake have increased by 6.6%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in Silver Lake?
To comfortably afford the median home price of $375,681 with a 20% down payment ($75,136) at today's rates (6.8%), you'd need a gross annual income of approximately $99,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Silver Lake compare to the national average home price?
The national median home value is approximately $410,000. At $375,681, homes in Silver Lake are 8% below the national average.
What metro area is Silver Lake part of?
Silver Lake is part of the Akron, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.