Expensive
Affordable
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These days, finding an affordable place to live in the Sylvan Lake area can be challenging. Home prices in Sylvan Lake are now at a median cost of $375,452, higher than the Michigan average of $250,415.
The average cost of rent is $1,320/mo in Sylvan Lake, primarily driven by the current value of real estate in the Sylvan Lake area. In Sylvan Lake, 23.81% of households rent, and 31.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sylvan Lake is $8,297 per month. Households that rent pay about 15.91% of their income on rent here. Sylvan Lake’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Keego Harbor, MI: less expensive homes
- Orchard Lake Village, MI: higher priced homes
- Pontiac, MI: less expensive homes
- Waterford, MI: less expensive homes
- Bloomfield Hills, MI: higher priced homes
- West Bloomfield, MI: higher priced homes
- Lake Angelus, MI: less expensive homes
- Auburn Hills, MI: less expensive homes
- Franklin, MI: higher priced homes
- Bingham Farms, MI: higher priced homes
Cities with Similar Populations
- Sturgeon, MO: less expensive homes
- Gibbsboro, NJ: less expensive homes
- Gueydan, LA: less expensive homes
- Hamer, SC: less expensive homes
- Huntsville, UT: higher priced homes
- Iola, TX: less expensive homes
- Wagner, SD: less expensive homes
- Utley, TX: higher priced homes
- Taylor Springs, IL: less expensive homes
- Big Prairie, OH: less expensive homes
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