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Sylvan Lake, MI
Full City Profile · Michigan · Oakland County County
4.0
/5.0
A
Great
1,672
Population
3,215/sq mi density
$106,806
Median Income
$83,118 per capita
$356,800
Home Value
$360,681 Zillow
$1,132
Median Rent
30.9% income on rent
49°F
Avg Temperature
260 sunny days/yr
107
Violent Crime/100K
751 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$106,806 median income, 1.8% unemployment
A+
Affordability
4.8 / 5.0
$356,800 home value, $1,132/mo rent
F
Safety
1.0 / 5.0
107 violent crimes/100K
A+
Education
5.0 / 5.0
52.7% bachelor's degree or higher
Housing Overview
Median Home Value
$356,800
27% above
US avg: $281,900
Median Rent
$1,132/mo
3% below
US avg: $1,163/mo
Homeownership Rate
82.1%
26% above US avg (65.4%)
Total Housing Units
866
Median year built: 1955
Home Value by Source
Census Median
$356,800
Zillow (ZHVI)
$360,681
Median Sale Price
$350,000
Median List Price
$469,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.1%
Owner-Occupied
17.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,132/mo
Market Indicators (Redfin)
Median Days on Market
18 days
Sale-to-List Ratio
0.7%
Buyers market
Homes Sold
1
Price Drops
75.0%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
30.9%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1955
Average age of housing stock: 71 years
Homeownership Rate
82.1%
Complete Housing Data
Home Values
| Census Median Value | $356,800 |
| Zillow Home Value (ZHVI) | $360,681 |
| Median Sale Price | $350,000 |
| Median List Price | $469,900 |
| Price Per Sq Ft | $186 |
Rent
| Census Median Rent | $1,132 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 18 |
| Sale-to-List Ratio | 0.7% |
| Price Drops | 75.0% |
| Homes Sold | 1 |
| Active Inventory | 4 |
| Price Per Sq Ft | $186 |
Ownership & Stock
| Owner-Occupied | 82.1% |
| Renter-Occupied | 17.9% |
| Homeownership Rate | 82.1% |
| Total Housing Units | 866 |
| Median Year Built | 1955 |
| Rent Burden | 30.9% |