Housing in Royal Oak, Michigan
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Housing - Updated September, 2011
| Median Home Age | 56.2 | 35.1 |
| Median Home Cost | $170,100 | $175,100 |
| Home Appreciation | -3.79% | -3.15% |
| Homes Owned | 66.24% | 59.90% |
| Housing Vacant | 5.36% | 10.37% |
| Homes Rented | 28.39% | 29.73% |
| Property Tax Rate | $13.73 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 0.08% | 2.65% |
| $20,000 to $39,999 | 0.53% | 3.76% |
| $40,000 to $59,999 | 2.20% | 4.99% |
| $60,000 to $79,999 | 2.54% | 6.01% |
| $80,000 to $99,999 | 4.86% | 7.27% |
| $100,000 to $149,999 | 33.04% | 19.24% |
| $150,000 to $199,999 | 33.98% | 14.67% |
| $200,000 to $299,999 | 17.53% | 18.09% |
| $300,000 to $399,999 | 3.50% | 9.14% |
| $400,000 to $499,999 | 1.24% | 4.94% |
| $500,000 to $749,999 | 0.39% | 5.42% |
| $750,000 to $999,999 | 0.07% | 2.03% |
| $1,000,000 or more | 0.04% | 1.77% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 3.38% | 13.71% |
| 1995 to 1998 | 1.19% | 8.54% |
| 1990 to 1994 | 1.39% | 5.77% |
| 1980 to 1989 | 2.29% | 13.87% |
| 1970 to 1979 | 8.33% | 16.17% |
| 1960 to 1969 | 13.72% | 11.70% |
| 1950 to 1959 | 34.56% | 11.08% |
| 1940 to 1949 | 17.67% | 6.02% |
| 1939 or Earlier | 17.47% | 13.15% |
The median home value in Royal Oak, MI, is $170,100. Home appreciation is -3.79% over the last year. The median age of Royal Oak, MI, real estate is 56 years.
Royal Oak, MI Apartments and Rentals
Renters make up 28.39% of the Royal Oak, MI, population. 5.36% of houses and apartments in Royal Oak, MI, are unoccupied (vacancy rate).
Royal Oak Housing SperlingViews
High Taxes ? Poor Schools ? - responce to 'Jessica: Not sure where Jessica gets her 'high taxes' information - but for the area - only neighboring Berkley's total taxes are lower (their city tax is actually higher) -... (read more)not much crime: royal oak is a safe place to live. not much crime... (read more)Culture and Things to Do: Sometimes you have to look hard but there are cultural things to do in this city. In the past year, I have found: a. A French-language group meeting at a local... (read more)Have an opinion about Royal Oak? Leave a commentTo See All SperlingViews for Royal Oak Click Here
