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Advertise here →Royal Oak, MI · Market Data
Royal Oak, Michigan real estate market data.
Real estate market data for Royal Oak, MI (Oakland County) — Census median home value $305,900, county listing prices down about 4.3% over the past year.
Royal Oak, MI is in Oakland County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 57,880, with a median household income of $95,182. Census data puts Royal Oak's median home value at $305,900 (all owner-occupied homes); Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
At a glance
Royal Oak market snapshot
Population
57,880
Median Household Income
$95,182
Median Home Value (city)
$305,900
Median Listing Price (Oakland County)
$429,900
Median Gross Rent
$1,335/mo
Price Trend (YoY)
-4.3%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Royal Oak different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Royal Oak's median home value — across all owner-occupied homes, not just recent sales — at $305,900. Separately, Oakland County's current median listing price (via Realtor.com data, 2026-06-01) runs $429,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Population & Income
Royal Oak has an estimated population of 57,880 and a median household income of $95,182, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Royal Oak's Census-reported median home value works out to about 3.2x the area's median household income, and median gross rent runs roughly 17% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Royal Oak FAQ
What are home values like in Royal Oak, MI?
The Census Bureau's American Community Survey puts Royal Oak's median home value at $305,900. Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.
What is the population of Royal Oak, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Royal Oak's population at approximately 57,880.
What's the median rent in Royal Oak, MI?
The Census ACS estimates median gross rent in Royal Oak at approximately $1,335 per month.
What is the median household income in Royal Oak, MI?
Census ACS data puts the median household income in Royal Oak at approximately $95,182.
Is the Royal Oak housing market growing?
Oakland County's FHFA house price index shows a 4.15% annual change in 2025.
Is Royal Oak, MI affordable relative to income?
Census ACS data puts Royal Oak's median home value at about 3.2 times the median household income, with median gross rent equal to roughly 17% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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