Silver Bay, MN · standard
ZIP Code 55614
Lake County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,627
- 4/sq mi
- $72,981
- Median income
- $181,700
- Median home value
- 24.9%
- Bachelor's or higher
National ZIP placement
Silver Bay pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.
- Top 49%
- household income, US ZIPs
- 38th pct
- home value, US ZIPs
- 4
- people per sq mi
- 86%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55614 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55614 (Silver Bay, MN) rose +9.6% from 2023 to 2024. The all-transactions index moved from 275.7 in 2023 to 302.2 in 2024 (2000 = 100).
ZIP code 55614 covers 625.5 square miles in Silver Bay, Lake County, Minnesota (a standard USPS delivery area), with a modest 2,627 residents on file, a density of 4 people per square mile, in the Chicago time zone.
ZIP 55614 lands in the middle-income range, with a median household income of $72,981 (11% below the average Minnesota ZIP), while per-capita income is $45,373. The poverty rate is 9.7%, with unemployment at 2.1%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $181,700 (29% below the average Minnesota ZIP), and median rent is $1,138; owner occupancy is 85.5%.
Educational attainment sits below the national norm: 24.9% of adults hold a bachelor's degree or higher, the median age is 51.8, and the average commute is 22 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 5 more in Lake County, so 55614 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55614
Top 5 sectors by establishment count in Silver Bay, MN
Which industries have the most business establishments in ZIP 55614.
- Retail trade
Retail trade
11 establishments
- Other services (except public administration)
Other services (except public administration)
8 establishments
- Accommodation and food services
Accommodation and food services
5 establishments
- Manufacturing 4
Manufacturing
4 establishments
- Finance and insurance 4
Finance and insurance
4 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 55614, Silver Bay, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
2,627
Population
625.5
Area (sq mi)
4
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55614?
51.8
Median Age
51.1%
Male
48.9%
Female
1.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$72,981
Median Household Income
-11% vs state ZIP avg
$45,373
Per Capita Income
9.7%
Poverty Rate
2.1%
Unemployment Rate
21.5 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,512housing units
1,512
Total Housing Units
1,240
Occupied Units
272
Vacant Units
1.93
Avg Household Size
Occupancy Type
$181,700
Median Home Value
-29% vs state ZIP avg
$1,138
Median Rent
1961
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+9.6%
YoY Change (2024)
302
HPI Index (2000 = 100)
+202%
Total Change Since 2000
Home values in ZIP 55614 have increased 9.6% over the past year (2024). Since 2000, this ZIP has seen +202% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -5.0% | 184 |
| 2021 | +24.4% | 228 |
| 2022 | +6.1% | 242 |
| 2023 | +13.8% | 276 |
| 2024 | +9.6% | 302 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 53 business establishments in ZIP 55614, employing approximately 376 people with a combined annual payroll of $26,264,000.
53
Businesses
376
Employees
$26.3M
Annual Payroll
8
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 11 | 20.8% |
| Other services (except public administration) | 8 | 15.1% |
| Accommodation and food services | 5 | 9.4% |
| Manufacturing | 4 | 7.5% |
| Finance and insurance | 4 | 7.5% |
| Construction | 3 | 5.7% |
| Administrative and support and waste management and remediation services | 3 | 5.7% |
| Arts, entertainment, and recreation | 3 | 5.7% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 55614 vs 55601 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55601 | Beaver Bay, MN | 105 | 9.2 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55614, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,627 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.