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.