The Village of Silver Lake had a population of 2,568 as of July 1, 2019.
The primary coordinate point for Silver Lake is located at latitude 41.1589 and longitude -81.4543 in Summit County. The formal boundaries for the Village of Silver Lake encompass a land area of 1.42 sq. miles and a water area of 0.18 sq. miles. Summit County is in the Eastern time zone (GMT -5). The elevation is 1,053 feet.
The Village of Silver Lake (GNIS ID: 1087016) has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Silver Lake: Silver Lake Station.
HOUSING AFFORDABILITY INDEX
|Silver Lake, OH Housing Affordability Index is 186
State of Ohio Housing Affordability Index is 156
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Silver Lake, OH Wealth Index is 277
State of Ohio Wealth Index is 84
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Ohio address.
|Population in Households||2,564|
|Population in Familes||2,278|
|Population in Group Qrtrs||4|
|Median Household Income||$105,846|
|Average Household Income||$143,489|
|Per Capita Income||$56,716|
|Total Housing Units||1,071 (100%)|
|Owner Occupied HU||951 (88.8%)|
|Renter Occupied HU||64 ( 6.0%)|
|Vacant Housing Units||56 ( 5.2%)|
|Median Home Value||$235,914|
|Housing Affordability Index2||186|
|Average Household Size||2.53|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||1.7%|
|Per Capita Income||2.06%|
The table below compares Silver Lake to the other 1,215 incorporated cities, towns and CDPs in Ohio by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 427||65th|
|Population Density||# 331||73rd|
|Diversity Index||# 557||54th|
|Median Household Income||# 43||97th|
|Per Capita Income||# 39||97th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Ohio Census Data Comparison Tool.