All Countries
Royal Oak, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
57,880
Population
4,909/sq mi density
$95,182
Median Income
$63,040 per capita
$305,900
Home Value
$323,624 Zillow
$1,335
Median Rent
23.7% income on rent
49°F
Avg Temperature
260 sunny days/yr
102
Violent Crime/100K
735 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$95,182 median income, 2.3% unemployment
A+
Affordability
4.9 / 5.0
$305,900 home value, $1,335/mo rent
F
Safety
1.0 / 5.0
102 violent crimes/100K
A+
Education
5.0 / 5.0
62.6% bachelor's degree or higher
Housing Overview
Median Home Value
$305,900
9% above
US avg: $281,900
Median Rent
$1,335/mo
15% above
US avg: $1,163/mo
Homeownership Rate
66.4%
2% above US avg (65.4%)
Total Housing Units
31,204
Median year built: 1957
Home Value by Source
Census Median
$305,900
Zillow (ZHVI)
$323,624
Median Sale Price
$339,000
Median List Price
$399,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
66.4%
Owner-Occupied
33.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$1,335/mo
· Zillow rent:
$2,011/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
74
Price Drops
23.1%
of listings with price reduction
Price Per Sq Ft
$237
Active Inventory
156
homes for sale
Affordability & Housing Stock
Rent Burden
23.7%
of renters spending 30%+ of income on housing
24% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
66.4%
Complete Housing Data
Home Values
| Census Median Value | $305,900 |
| Zillow Home Value (ZHVI) | $323,624 |
| Median Sale Price | $339,000 |
| Median List Price | $399,900 |
| Price Per Sq Ft | $237 |
Rent
| Census Median Rent | $1,335 |
| Zillow Rent (ZORI) | $2,011 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 23.1% |
| Homes Sold | 74 |
| Active Inventory | 156 |
| Price Per Sq Ft | $237 |
Ownership & Stock
| Owner-Occupied | 66.4% |
| Renter-Occupied | 33.6% |
| Homeownership Rate | 66.4% |
| Total Housing Units | 31,204 |
| Median Year Built | 1957 |
| Rent Burden | 23.7% |