Sylvan Lake, MI Real Estate
According to census data in the year 2000 there were 850 housing units in Sylvan Lake.
This represents a 0.4% decline from 853 in 1990.
Of those housing units, 850 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Sylvan Lake is about 86.2%.
Sylvan Lake's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.08 people.
The majority of houses, apartments or condos in Sylvan Lake were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6% |
| Two Bedrooms | 22% |
| Three Bedrooms | 55.80% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $182,100 |
| Median Price asked for vacant units | $96,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.7 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $850 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 63.90% |
| Debt Free | 19.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
