Home Insurance in Silver Lake, Ohio
The median home value in Silver Lake is $319,400, 53% higher than the Summit County median.
The typical home in Silver Lake was built around 1956. About 67% of homes were built before 1960, about 25 points above Summit County's 43%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Silver Lake breaks down to 100% single-family homes.
In Silver Lake, about 62% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 94% of occupied homes in Silver Lake are owner-occupied.
Most homes in Silver Lake - 98% - are primarily heated with natural gas.
FEMA rates Summit County's overall risk as Relatively Moderate, led by hail (Relatively High). Summit County had 971 active NFIP flood policies as of September 2026. See the full Summit County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Ohio is $1,116 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $319,400 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 94% |
| Share of owner-occupied homes with a mortgage | 62% |
| Top county hazard | Hail (Relatively High) |
| Active NFIP policies in Summit County | 971 |
| Home insurance premium | $1,116 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)