Sylvania, OH—43560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sylvania, OH
As of Oct '25, the median home price in Sylvania, OH is $315,000, with a year-over-year change of 2.8%. This indicates that home prices in Sylvania, OH are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 2.8% |
| Single Family | $325,000 | 2.5% |
| Condos | $222,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $196,000 | 5.4% |
3 Bed | $273,000 | 3.4% |
4 Bed | $383,000 | 2.7% |
| 5 Bed | $487,000 | 2.3% |
% of Housing Stock
Rental Trends — Sylvania, OH
As of July '25, Rentcast reports the average rent in Sylvania, OH is $1,830, with a year-over-year rent change of 13.7%. Per bedroom, the median rent as of July '25 in Sylvania, OH is 1-bedrooms: $750, 2-bedrooms: $1,550, 3-bedrooms: $1,920, 4-bedrooms: $2,400. The most common rental property sizes in Sylvania, OH are 2-bedroom and 1-bedroom, accounting for 47.9% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,830 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $1,500 | $1,550 |
| 3 Bed Rent | $2,000 | $1,920 |
| 4 Bed Rent | $2,360 | $2,400 |
% of Rental Stock
Property Listings — Sylvania, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Sylvania, OH is 56. This is a increase of 38.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $371,000 | -3.0% |
Listing Count | 126 | 36.0% |
| Listings as % of Homes | 0.5% | 36.0% |
Days on Market | 56 | 38.0% |
Demographics — Sylvania, OH
As of the latest ACS Survey released in 2023, Sylvania, OH has a population of 33,000, which has increased by 2.1% over the past 5 years. Sylvania, OH is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 53.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,000 | 2.1% |
% Under 18 | 25.3% | 6.3% |
% Seniors | 19.5% | 4.3% |
% WFH | 15.6% | 218.4% |
% w/ College Degree | 53.3% | 10.1% |
As of the latest ACS Survey released in 2023, Sylvania, OH is a predominantly white area, with 86.2% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Sylvania, OH is asian, making up 4.3% of the population. Foreign-born residents account for 6.1% of the population in Sylvania, OH, and this percentage has increased by 13.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | -1.7% |
% Black | 3.1% | 10.7% |
% Hispanic | 3.4% | -8.1% |
% Asian | 4.3% | 26.5% |
% Foreign Born | 6.1% | 13.0% |
Mortgage and Risk — Sylvania, OH
According to HUD data as of 2023, there were 723 mortgage originations in Sylvania, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Sylvania, OH. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 723 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sylvania, OH
As of 2024, the percent of homes in Sylvania, OH under the Section 8 program is 1.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Sylvania, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 101 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $750 | $910 |
| 2 Bedroom | -$300 | $1,500 | $1,200 |
| 3 Bedroom | -$440 | $2,000 | $1,560 |
| 4 Bedroom | -$720 | $2,360 | $1,640 |
Affordability — Sylvania, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $315,000 |
| Median Household Income | $105,000 |