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Silver Lake Colony

Learn about the people, housing, costs and businesses in Silver Lake Colony, South Dakota

Median Home$158,400
Median Rent$782/month
Population7
Leading IndustriesConstruction · Agriculture & Mining · Transportation24% construction
Family-Friendly29% of residentswell above average
Homeowners67% of occupied units
NotableAffordable Market$158k median home · lower cost than 70% of the country
Silver Lake Colony
SD

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

Frequently Asked Questions

What are today's mortgage rates in Silver Lake Colony?

As of today, the 30-year fixed mortgage rate for Silver Lake Colony is approximately 6.998% (7.038% 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 Silver Lake Colony?

The median home value in Silver Lake Colony is $158k. The median monthly rent is $782. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $762/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Silver Lake Colony is $71k/year.

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What industries drive the economy in Silver Lake Colony?

The largest employment sectors in Silver Lake Colony are agriculture and mining (25%) and construction (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.