Population 2,515 · Census ACS 2020–24
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Population and households in Silver Lake
Household size in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.51 | 2.45 | 2.51 | 2.68 |
| 2010–14 | 2.41 | 2.48 | 2.51 | 2.73 |
| 2015–19 | 2.58 | 2.43 | 2.47 | 2.71 |
| 2020–24 | 2.47 | 2.37 | 2.46 | 2.65 |
| Change | −0.04 | −0.07 | −0.05 | −0.03 |
Households in Silver Lake run small, averaging 2.47 people against 2.65 nationally, which usually means more singles and couples and fewer children. Locally, though, the typical household here is bigger than in the Akron area overall, where it has 2.37 people.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 49.5 | 39.7 | 39.0 | 37.7 |
| 2010–14 | 49.6 | 40.6 | 40.0 | 38.6 |
| 2015–19 | 51.1 | 41.6 | 40.7 | 39.6 |
| 2020–24 | 52.1 | 42.2 | 40.8 | 40.1 |
| Change | +2.6 | +2.5 | +1.8 | +2.3 |
With a median age of 52.1, Silver Lake is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees. The median age has climbed from 49.5 in 2006–10, but in a place this small, much of that may be survey noise rather than real change.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.9% | 10.4% | 11.7% | 12.3% |
| 2010–14 | 4.7% | 10.9% | 11.9% | 12.3% |
| 2015–19 | 3.2% | 10.8% | 11.7% | 11.6% |
| 2020–24 | 0.7% | 11.1% | 11.7% | 11.6% |
| Change | −6.2 pts | +0.6 pts | −0.0 pts | −0.6 pts |
Single parents head only 0.7% of households in Silver Lake, well below the national share of 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Silver Lake
Renters in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 0.7% | 30.6% | 30.8% | 33.3% |
| 2010–14 | 7.3% | 32.5% | 33.1% | 35.6% |
| 2015–19 | 2.9% | 33.4% | 33.9% | 36.0% |
| 2020–24 | 5.9% | 31.9% | 32.8% | 34.8% |
| Change | +5.2 pts | +1.3 pts | +2.0 pts | +1.5 pts |
Silver Lake is overwhelmingly a place of homeowners: only 5.9% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Nearly four in ten owners (37.7%) have paid off their mortgages, about the same as nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.3% | 9.0% | 10.8% | 11.4% |
| 2010–14 | 5.3% | 10.3% | 10.8% | 11.4% |
| 2015–19 | 7.0% | 9.9% | 10.2% | 11.1% |
| 2020–24 | 4.7% | 8.1% | 8.7% | 9.6% |
| Change | −1.6 pts | −0.9 pts | −2.2 pts | −1.8 pts |
Only 4.7% of homes in Silver Lake are vacant, far below the national rate of 9.6%, which usually means strong demand for housing.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 1957 | 1968 | 1968 | 1974 |
| 2010–14 | 1959 | 1968 | 1969 | 1975 |
| 2015–19 | 1955 | 1969 | 1970 | 1977 |
| 2020–24 | 1955 | 1970 | 1972 | 1980 |
| Change | −2 | +2 | +4 | +6 |
Silver Lake is a place of older homes: half were built before 1955, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | $719 | $834 | $765 | $965 |
| 2010–14 | $1,176 | $856 | $814 | $1,040 |
| 2015–19 | $1,575 | $957 | $901 | $1,213 |
| 2020–24 | $1,718 | $1,182 | $1,142 | $1,571 |
| Change | +$999 | +$349 | +$377 | +$606 |
The median renter in Silver Lake pays $1,718 a month for rent and utilities, above the national median of $1,571. Rent takes 14.3% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Silver Lake
Bachelor's degrees in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 58.0% | 29.4% | 25.4% | 28.4% |
| 2010–14 | 58.9% | 30.1% | 26.5% | 29.6% |
| 2015–19 | 59.6% | 32.5% | 28.9% | 32.1% |
| 2020–24 | 58.3% | 35.8% | 31.9% | 35.6% |
| Change | +0.3 pts | +6.5 pts | +6.5 pts | +7.2 pts |
Silver Lake is highly educated: about six in ten adults 25 and older (58.3%) hold at least a bachelor's degree, far above the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 98.8% | 89.9% | 87.7% | 84.9% |
| 2010–14 | 98.0% | 90.9% | 88.9% | 86.1% |
| 2015–19 | 98.0% | 92.0% | 90.4% | 87.7% |
| 2020–24 | 97.5% | 92.8% | 91.7% | 89.3% |
| Change | −1.3 pts | +2.9 pts | +4.0 pts | +4.3 pts |
Finishing high school is nearly universal in Silver Lake: 97.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Silver Lake
| Period | Silver Lake | Akron area | Ohio | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.4% | 8.7% | 8.7% | 8.1% |
| 2010–14 | 5.0% | 9.7% | 9.4% | 9.4% |
| 2015–19 | 4.5% | 5.6% | 5.5% | 5.6% |
| 2020–24 | 1.4% | 5.2% | 4.9% | 5.4% |
| Change | −4.0 pts | −3.5 pts | −3.8 pts | −2.7 pts |
The job market in Silver Lake has been strong: just 1.4% of the labor force was out of work and looking, well below the national rate of 5.4%. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Silver Lake compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Silver Lake | 2.47 | 52.1 | 0.7% | 5.9% | 4.7% | 1955 | $1,718 | 58.3% | 97.5% | 1.4% |
| Munroe Falls | 2.35 | 48.7 | 5.7% | 23.2% | 5.9% | 1978 | $1,867 | 38.2% | 93.6% | 3.9% |
| Stow | 2.38 | 41.4 | 7.1% | 29.5% | 8.0% | 1981 | $1,221 | 47.6% | 95.4% | 3.0% |
| Cuyahoga Falls | 2.19 | 40.5 | 9.7% | 35.9% | 6.2% | 1962 | $1,060 | 37.6% | 95.5% | 3.4% |
| Tallmadge | 2.42 | 47.1 | 5.1% | 18.4% | 5.1% | 1975 | $1,099 | 34.5% | 92.7% | 4.4% |
| Peninsula | 2.36 | 44.6 | 9.4% | 23.4% | 10.5% | 1980 | $1,350 | 51.7% | 96.4% | 5.4% |
| Kent | 2.25 | 32.5 | 5.8% | 49.7% | 17.1% | 1980 | $1,091 | 49.2% | 95.7% | 7.3% |
| Sugar Bush Knolls | 2.66 | 48.7 | 2.3% | 2.9% | 2.7% | 1982 | $1,212 | 41.2% | 96.7% | 4.1% |
| Hudson | 2.79 | 44.3 | 5.0% | 12.1% | 5.4% | 1982 | $2,380 | 73.8% | 97.9% | 1.3% |
| Akron area | 2.37 | 42.2 | 11.1% | 31.9% | 8.1% | 1970 | $1,182 | 35.8% | 92.8% | 5.2% |
| Twin Lakes | 2.54 | 49.5 | 4.3% | 5.7% | 3.2% | 1975 | $1,244 | 31.7% | 98.3% | 3.5% |
All figures 2020–24.
Cities with similar populations: Weston, OH · Penndel, PA · Mason, TX · Lonaconing, MD · Syracuse, NE · Tunnelton, WV · Irvington, KY · Inkom, ID · Greenwood, FL · Goshen, AR
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Silver Lake. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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