Home prices
The value of the median home in Sylvan Lake is $233,800. This is approximately $143,380 (38%) lower in comparison to its nearby areas.Compared to the country as a whole it is roughly $16,300 (7%) higher, and it is approximately $184,600 (375%) higher in comparison to the city of Detroit.
Rents
The median monthly rent in Sylvan Lake is $1,712. This is about $217 (14%) higher compared to its nearby areas.In comparison to the United States as a whole it is approximately $650 (61%) higher, and is about $888 (107%) higher compared to the city of Detroit.
Nearby places
Keego Harbor
Keego Harbor is Sylvan Lake's neighbor to the southwest. Its real estate prices are significantly less expensive. The median home cost in Keego Harbor is $153,900, which is $79,900 (51%) lower than Sylvan Lake. Rents there are significantly less expensive. Keego Harbor's median rent is $949 a month, which is $763 (80%) lower than Sylvan Lake.
Pontiac
Pontiac is Sylvan Lake's neighbor to the northeast. The real estate prices there are substantially less expensive. The median home price in Pontiac is $67,100, which comes out to $166,700 (248%) lower than Sylvan Lake. Rents there are a lot less expensive. In Pontiac the median rent is $815 a month, which comes out to $897 (110%) lower than Sylvan Lake.
Orchard Lake Village
Orchard Lake Village is roughly 2 miles southwest from Sylvan Lake. Real estate prices there are a lot more expensive. The median home price in Orchard Lake Village is $645,500, which is $411,700 (63%) higher than Sylvan Lake. Its rents are significantly more expensive. The median monthly rent in Orchard Lake Village is $3,067, which comes out to $1,355 (44%) higher than Sylvan Lake.
Bloomfield Hills
Bloomfield Hills is approximately 4 miles southeast of Sylvan Lake. Housing prices there are significantly more expensive. Bloomfield Hills's median home value is $860,800, which comes out to $627,000 (72%) higher than Sylvan Lake. Its rents are a bit less expensive. In Bloomfield Hills the median rent is $1,527 a month, which is $185 (12%) lower than Sylvan Lake.
Auburn Hills
Auburn Hills is approximately 5 miles northeast of Sylvan Lake. Its real estate prices are substantially less expensive. The median home value in Auburn Hills is $158,600, which comes out to $75,200 (47%) lower than Sylvan Lake. Its rents are substantially less expensive. The median rent in Auburn Hills is $1,117 a month, which comes out to $595 (53%) lower than Sylvan Lake.
