Quick facts: Sylvania, OH

Quick Facts

96.4
Cost of Living
below US average
19,051
Population
8.35
Crime Rate per 1000
below US average
$86,048
Median Income
above US average
$379,900
Median House Price
above US average
$1817.24
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $86,048.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $379,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $86,048
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Income Needed to Rent

βœ“ Affordable
$78k/year
Based on $1817.24/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,048) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sylvania, OH

Sylvania, Ohio, is a charming suburban city located in Lucas County, just northwest of Toledo. Known for its family-friendly atmosphere, Sylvania offers a blend of residential comfort and community engagement. With a population of around 19,000, it provides a small-town feel while being close to urban amenities. The city features a vibrant downtown area with a variety of shops, restaurants, and parks, making it a pleasant place to stroll and explore. Notable parks include Olander Park, which offers beautiful lakes, trails, and recreational activities, ideal for outdoor enthusiasts. Sylvania is also known for its strong educational institutions, and it's served by several highly-rated public school districts. The community hosts various events throughout the year that foster a sense of belonging and promote local culture. Additionally, its proximity to Toledo allows residents easy access to larger city offerings, including cultural institutions, entertainment venues, and diverse dining options. Overall, Sylvania is a welcoming community that balances suburban tranquility with the conveniences of city living.

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