Housing in Sylvan Lake, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — November 2025Median Sale Price
$360,000
Median List Price
$339,000
Price Per Sq Ft
$240
Days on Market
25
Active Inventory
6
Months of Supply
6.0
Balanced market
Zillow Home Value
$355,779
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
97.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$240
Median List $/SF
$235
Sylvan Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Sylvan Lake is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$356,800
Median Rent
$1,132
Total Housing Units
873
Vacancy Rate
0.0%
Owner Occupied
82.1%
Renter Occupied
17.9%
Median Property Tax
$4,320
per year
Monthly Cost (w/ Mortgage)
$1,648
Housing Types
The current median sale price in Sylvan Lake, MI is $360,000 according to Redfin data. Homes spend a median of 25 days on the market. 0.0% of homes sold above asking price. The market has 6.0 months of supply. The median price per square foot is $240. The median rent is $1,132 per month (Census ACS). About 82.1% of housing units are owner-occupied. The median year homes were built is 1956. There are 873 total housing units.