Home Insurance in Sylvan Lake, Michigan
With a median home value of $391,000, Sylvan Lake is 14% higher than the Oakland County median.
The typical home in Sylvan Lake was built around 1956. About 58% of homes were built before 1960, about 30 points above Oakland County's 28%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Sylvan Lake breaks down to 91% single-family homes and 7% apartments in buildings with 5+ units.
In Sylvan Lake, about 68% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 82% of occupied homes in Sylvan Lake are owner-occupied.
Most homes in Sylvan Lake - 93% - are primarily heated with natural gas.
FEMA rates Oakland County's overall risk as Relatively High, led by tornado (Very High). Oakland County had 1,433 active NFIP flood policies as of September 2026. See the full Oakland County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $391,000 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 82% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Tornado (Very High) |
| Active NFIP policies in Oakland County | 1,433 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
- Orchard Lake Village
- Pontiac
- Bloomfield Hills
- Lake Angelus
- Auburn Hills
- Bingham Farms
- Birmingham
- Beverly Hills
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)