Royal Oak, MI Housing

The median value of housing in Royal Oak, MI is $281,800. This is significantly lower than the US house median value of $338,100. However, while the US experienced a one year house appreciation rate of 8.27%, Royal Oak, MI still saw an impressive 7.58% increase in its own housing appreciation. This indicates that even though it may not have quite as much market value as other parts of the country, it is still seeing positive growth in this area and could be a great option for those looking to live near Detroit.

The median home cost in Royal Oak is $281,800. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Royal Oak is up 10.8%.

Average Age of Homes

- The median age of Royal Oak real estate is 62 years old

The Rental Market in Royal Oak

- Renters make up 30.9% of the Royal Oak population
- 2.0% of houses and apartments in Royal Oak, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Royal Oak, Michigan	United States
	31,199.0	139,647,020.0
	65	42
	$281,800	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$14.76	$10.98
	$3,689	$2,690
	61.1%	57.4%
	7.1%	11.2%
	31.8%	31.4%
Vacant Housing
	2.0%	1.9%
	0.6%	0.4%
	0.9%	0.7%
	0.3%	0.4%
	0.6%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.6%	2.4%
	0.6%	2.8%
	1.4%	3.9%
	0.7%	4.5%
	5.5%	11.3%
	14.2%	13.0%
	43.2%	20.1%
	19.6%	13.6%
	7.2%	8.3%
	5.0%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.2%	13.6%
	3.2%	13.6%
	3.8%	13.6%
	3.9%	13.2%
	10.6%	14.8%
	3.8%	13.6%
	29.5%	10.0%
	15.9%	4.7%
	16.5%	12.2%

Reviews for Royal Oak

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J · Brighton, MI

Royal Oak - Safe, Stable and Job Opportunities

Over 5 years ago

Whoever put crime and urban decay as cons for Royal Oak has never been to Royal Oak. It is a very stable and safe suburb with a lot to do and access to many job More

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dave · Royal Oak, MI

jobs

Over 13 years ago

Michigan willturn around as soon as they break the bonds with the car companies. More

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lisa · Royal Oak, MI

Great City

Over 14 years ago

Fun growing More

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