Oakland County, MI Housing

Housing in Oakland, MI County is quite expensive compared to the national average. The median value for homes in the county is $304,600 while the US median is $338,100. Despite this, Oakland's housing market has seen some appreciation over the last year, with a 7.16% increase in home values. This is slightly lower than the US house appreciation rate of 8.27% but still reflects a growing real estate market in Oakland County.

The median home cost in Oakland County is $304,600. Home appreciation the last 10 years has been 113.0%. Home Appreciation in Oakland County is up 11.1%.

Average Age of Homes

- The median age of Oakland County real estate is 44 years old

The Rental Market in Oakland County

- Renters make up 26.9% of the Oakland County population
- 1.7% of houses and apartments in Oakland County, 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	Oakland, Michigan	United States
	551,642.0	139,647,020.0
	46	42
	$304,600	$338,100
	11.1%	16.6%
	46.6%	57.0%
	113.0%	101.1%
	$14.33	$10.98
	$3,848	$2,690
	67.7%	57.4%
	5.7%	11.2%
	26.7%	31.4%
Vacant Housing
	1.7%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.7%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	1.5%	2.4%
	1.4%	2.8%
	2.0%	3.9%
	2.4%	4.5%
	8.4%	11.3%
	13.8%	13.0%
	25.7%	20.1%
	19.0%	13.6%
	10.4%	8.3%
	8.3%	9.7%
	2.6%	3.9%
	1.1%	2.2%
	0.5%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	8.6%	13.6%
	8.6%	13.6%
	14.3%	13.6%
	12.8%	13.2%
	18.0%	14.8%
	14.3%	13.6%
	15.3%	10.0%
	5.7%	4.7%
	7.7%	12.2%

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