What percentage of people rent in Sylvan Lake, MI?

Name: Renters and owners in Sylvan Lake, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

18.5% (±6.9 points) of the occupied homes in Sylvan Lake, MI are rented (2020–2024 American Community Survey).

That is 161 renting households against 711 that own their home.

In Sylvan Lake, the share of households that rent went from 22.2% in 2015–2019 to 18.5% in 2020–2024 (−3.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 18.5% (±6.9 points)
Renting households: 161 (±68)
Median renter income: $43,938 (±$25,035)

Who rents and who owns in Sylvan Lake

Tenure, estimate (90% margin of error)
	Sylvan Lake	Oakland County	Michigan	United States
Renter-occupied share	18.5% (±6.9 points)	27.3% (±0.4 points)	26.8% (±0.2 points)	34.8%
Renting households	161 (±68)	144,960 (±2,325)	1,092,179 (±7,674)	45,017,354
Owning households	711 (±87)	385,500 (±2,513)	2,984,190 (±12,886)	84,210,142
Average renter household size	1.5 (±0.2)	1.9 (±0.0)	2.1 (±0.0)	2.3
Average owner household size	2.1 (±0.2)	2.6 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$43,938 (±$25,035)	$59,047 (±$1,564)	$42,352 (±$376)	$52,966
Median owner household income	$135,673 (±$29,192)	$118,600 (±$1,461)	$87,130 (±$344)	$100,009

In Sylvan Lake, the renter share is lower than in Oakland County (27.3%).

It is also lower than in Michigan (26.8%).

It is lower than the national figure (34.8%).

In Oakland County, Sylvan Lake ranks 26 of 50 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 422 of 1,520.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Sylvan Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	22.2% (±5.8 points)	18.5% (±6.9 points)	−3.7 percentage points	Not a measurable change
Median gross rent	$1,712 (±$154)	$1,113 (±$223)	−35.0%	Down after inflation
Median household income	$85,000 (±$16,046)	$106,429 (±$35,671)	+25.2%	No measurable change after inflation

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.

Households that rent in places near Sylvan Lake

Nearest places with a published estimate, compared with Sylvan Lake
Place	Distance	Households that rent	Compared with this place
Sylvan Lake	—	18.5% (±6.9 points)	—
Keego Harbor	0.9 mi	39.6% (±10.4 points)	Higher
Orchard Lake Village	2.7 mi	3.0% (±2.3 points)	Lower
Pontiac	3.2 mi	53.4% (±3.1 points)	Higher
Bloomfield Charter Township	4.0 mi	12.1% (±2.0 points)	Not measurably different
Waterford Charter Township	4.2 mi	24.2% (±1.6 points)	Not measurably different
West Bloomfield Charter Township	4.4 mi	16.4% (±1.8 points)	Not measurably different
Bloomfield Hills	5.1 mi	14.2% (±6.1 points)	Not measurably different
Lake Angelus	5.2 mi	0.0% (±21.7 points)	Not measurably different

Nearby places with a measurably lower figure: Orchard Lake Village, MI (3.0%).

Nearby places with a measurably higher figure: Keego Harbor, MI (39.6%), Pontiac, MI (53.4%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Oakland County, place by place

Rank	Place	Households that rent
20	Waterford Charter Township	24.2% (±1.6 points)
21	Rochester Hills	23.3% (±1.7 points)
22	Birmingham	22.9% (±3.3 points)
23	Independence Charter Township	20.6% (±3.2 points)
24	Holly Township	20.3% (±5.9 points)
25	South Lyon	18.8% (±3.6 points)
26	Sylvan Lake	18.5% (±6.9 points)
27	Orion Charter Township	17.5% (±2.1 points)
28	Springfield Charter Township	17.0% (±5.5 points)
29	West Bloomfield Charter Township	16.4% (±1.8 points)
30	Milford Charter Township	15.3% (±3.0 points)
31	Bloomfield Hills	14.2% (±6.1 points)
32	Oxford Charter Township	13.4% (±2.8 points)

Showing 13 of 50 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

How many renters are there in Sylvan Lake?

Sylvan Lake has an estimated 161 (±68) renting households, 18.5% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Sylvan Lake?

In Sylvan Lake, the share of households that rent went from 22.2% in 2015–2019 to 18.5% in 2020–2024 (−3.7 percentage points), not a measurable change.

How big are renting households in Sylvan Lake?

A renting household in Sylvan Lake has 1.5 people on average, against 2.1 in an owned home.

How much do renters earn in Sylvan Lake?

The median renting household in Sylvan Lake, MI has an income of $43,938 (±$25,035) a year, against $135,673 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.