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Glencoe-Silver Lake

Learn about the people, housing, costs and businesses in Glencoe-Silver Lake, Minnesota

Median Home$251,237
Median Rent$934/month
Population12,823
Leading IndustriesRetail · Wholesale Trade · Construction24% retail
Home Value Growth⬆⬆+16.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners80% of occupied units
Glencoe-Silver Lake
MN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Glencoe-Silver Lake?

As of today, the 30-year fixed mortgage rate for Glencoe-Silver Lake is approximately 7.006% (7.046% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Glencoe-Silver Lake?

The median home value in Glencoe-Silver Lake is $251k. The median monthly rent is $934. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glencoe-Silver Lake?

Home values in Glencoe-Silver Lake have increased 16.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Glencoe-Silver Lake?

Based on a typical all-in ownership cost of $1,199/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Glencoe-Silver Lake is $83k/year.

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What industries drive the economy in Glencoe-Silver Lake?

The largest employment sectors in Glencoe-Silver Lake are retail (24%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.