What is the median rent in Sylvan Lake, MI?
The median gross rent in Sylvan Lake, MI is $1,113 (±$223) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 158 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Sylvan Lake, the median gross rent went from $1,712 in 2015–2019 to $1,113 in 2020–2024 (−35.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median gross rent
- $1,113 (±$223)
- Rented homes
- 158 (±66)
- $2,000 or more
- 1.9%
- Since 2015–2019
- −35.0%
How much rent costs in Sylvan Lake
| Monthly gross rent | Sylvan Lake | Oakland County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±17.2 points) | 4.6% | 8.3% | 6.3% |
| $500 to $999 | 38.6% (±26.5 points) | 15.4% | 30.1% | 20.2% |
| $1,000 to $1,499 | 28.5% (±21.9 points) | 39.5% | 38.4% | 28.1% |
| $1,500 to $1,999 | 31.0% (±20.1 points) | 24.3% | 15.1% | 21.1% |
| $2,000 to $2,499 | 0.0% (±17.2 points) | 9.7% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.0% (±17.2 points) | 3.0% | 1.4% | 5.5% |
| $3,000 or more | 1.9% (±3.2 points) | 3.6% | 1.7% | 6.8% |
The most common range is $500 to $999, paid by 38.6% of renting households.
1.9% of rented homes in Sylvan Lake cost $2,000 or more a month.
Sylvan Lake against Oakland County, its state and the nation
| Sylvan Lake | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,113 (±$223) | $1,376 (±$14) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 158 (±66) | 139,230 (±2,220) | 1,032,697 (±7,764) | 42,849,984 |
In Sylvan Lake, median gross rent is lower than in Oakland County ($1,376).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
In Oakland County, Sylvan Lake ranks 39 of 48 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 374 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Sylvan Lake has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,712 (±$154) | $1,113 (±$223) | −35.0% | Down after inflation |
| Households that rent | 22.2% (±5.8 points) | 18.5% (±6.9 points) | −3.7 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±12.1 points) | 0.0% (±16.9 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median gross rent in places near Sylvan Lake
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Sylvan Lake | — | $1,113 (±$223) | — |
| Keego Harbor | 0.9 mi | $1,194 (±$157) | Not measurably different |
| Orchard Lake Village | 2.7 mi | $936 (±$268) | Not measurably different |
| Pontiac | 3.2 mi | $1,063 (±$41) | Not measurably different |
| Bloomfield Charter Township | 4.0 mi | $1,574 (±$207) | Higher |
| Waterford Charter Township | 4.2 mi | $1,111 (±$30) | Not measurably different |
| West Bloomfield Charter Township | 4.4 mi | $2,031 (±$115) | Higher |
| Bloomfield Hills | 5.1 mi | $3,500 or more | — |
| Auburn Hills | 6.1 mi | $1,477 (±$39) | Higher |
Nearby places with a measurably higher figure: Bloomfield Charter Township, MI ($1,574), West Bloomfield Charter Township, MI ($2,031), Auburn Hills, MI ($1,477).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Oakland County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 33 | South Lyon | $1,310 (±$64) |
| 34 | Clawson | $1,253 (±$126) |
| 35 | Springfield Charter Township | $1,206 (±$106) |
| 36 | Keego Harbor | $1,194 (±$157) |
| 37 | Madison Heights | $1,176 (±$45) |
| 38 | Rose Township (Oakland County) | $1,150 (±$63) |
| 39 | Sylvan Lake | $1,113 (±$223) |
| 40 | Waterford Charter Township | $1,111 (±$30) |
| 41 | Addison Township | $1,102 (±$49) |
| 42 | Pontiac | $1,063 (±$41) |
| 43 (tie) | Brandon Charter Township | $1,048 (±$152) |
| 43 (tie) | Highland Charter Township | $1,048 (±$222) |
| 45 | Wixom | $1,035 (±$36) |
Showing 13 of 48 places in Oakland County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Sylvan Lake
What is the average rent in Sylvan Lake, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Sylvan Lake is $1,113 (±$223) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Sylvan Lake?
In Sylvan Lake, the median gross rent went from $1,712 in 2015–2019 to $1,113 in 2020–2024 (−35.0%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
How many rentals in Sylvan Lake cost more than $2,000 a month?
1.9% of rented homes in Sylvan Lake have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Sylvan Lake higher than in Oakland County?
In Sylvan Lake, median gross rent is lower than in Oakland County ($1,376).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sylvan Lake city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Sylvan Lake city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Sylvan Lake city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Sylvan Lake city, Michigan (place:77860, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Sylvan Lake
- How long people stay in Sylvan Lake
- Fair Market Rent in Sylvan Lake
- Michigan landlord and tenant rules
- Housing across Oakland County
- Michigan places ranked by median rent
- Housing data for every place in Michigan