Much like other places in this area, it is somewhat less expensive compared to the rest of the nation. Compared to the city of Detroit however, it's substantially more expensive.
Home prices
The median home in Sylvania costs $178,800. This is is very similar in comparison to its surrounding areas.It is roughly $38,700 (17%) lower in comparison to the rest of the country, and in comparison to the city of Detroit is roughly $129,600 (263%) higher.
Rents
The median monthly rent in Sylvania is $858. Compared to the surrounding areas this is roughly $88 (9%) lower.In comparison to the entire nation it is about $204 (19%) lower, and is approximately $34 (4%) higher in comparison to the city of Detroit.
Nearby places
Ottawa Hills
Ottawa Hills is roughly 4 miles southeast of Sylvania. Its housing prices are substantially more expensive. The median home in Ottawa Hills is valued at $319,100, which works out to $140,300 (43%) higher than Sylvania. The rent there is a lot more expensive. Ottawa Hills's median monthly rent is $1,338, which is $480 (35%) higher than Sylvania.
Lambertville
Lambertville is approximately 4 miles northeast from Sylvania. Its housing prices are pretty similar. The price of the median home in Lambertville is $182,300, which comes out to $3,500 (1%) higher than Sylvania. Rent there is somewhat more expensive. Lambertville's median monthly rent is $1,004, which is $146 (14%) higher than Sylvania.
Berkey
Berkey is approximately 5 miles west of Sylvania. The real estate prices there are a little less expensive. The median home in Berkey costs $149,300, which comes out to $29,500 (19%) lower than Sylvania. Rents there are somewhat more expensive. Berkey's median monthly rent is $933, which comes out to $75 (8%) higher than Sylvania.
Holland
Holland is about 6 miles south from Sylvania. The housing prices there are somewhat less expensive. Holland's median home value is $162,200, which comes out to $16,600 (10%) lower than Sylvania. Rents there are a bit less expensive. In Holland the median monthly rent is $729, which is $129 (17%) lower than Sylvania.
Toledo
Toledo is about 6 miles southeast from Sylvania. Real estate prices there are a lot less expensive. The value of the median home in Toledo is $80,800, which is $98,000 (121%) lower than Sylvania. Rent there is a little less expensive. In Toledo the median monthly rent is $725, which is $133 (18%) lower than Sylvania.
