What is the median home price in Royal Oak, MI?

The median home value in Royal Oak, MI is approximately $305,900, with median rent around $1,335/mo (U.S. Census ACS). Royal Oak is in Oakland County.

What is the cost of living like in Royal Oak, MI?

Royal Oak has a median household income near $95,182 against a median home value of $305,900 and median rent of $1,335/mo. Michigan's state income tax is 4.25% and effective property tax runs around 1.48%.

Can I use Remote Prop View in Royal Oak, MI?

Yes. Remote Prop View's market data, demographics, and scam-aware research tools work nationwide. Our deep property search, comparable sales, and TruReport verification packet currently focus on the Dallas-Fort Worth, TX metro.

Royal Oak, MI Real Estate

Royal Oak is a city in Oakland County, Michigan with a population of about 57,880. The median home value is near $305,900, and median rent runs around $1,335/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value

$305,900

Median Rent

$1,335/mo

Population

57,880

Median Income

$95,182

Median Age

36.9

Homeownership

66.4%

Monthly payment on a median Royal Oak home

Example for a $305,900 home: 20% down, 30-yr at ~6.75%, MI property tax ~1.48%, 0.4% insurance.

Est. monthly (PITI)

$2,066

Principal & interest

$1,587

Property tax / mo

$377

Down payment (20%)

$61,180

Royal Oak at a glance

38.1% of residents 25+ hold a bachelor's degree or higher.
66.4% of occupied homes are owner-occupied.
Median household income is $95,182.
Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

Other Michigan cities

Detroit →Grand Rapids →Warren →Sterling Heights →Ann Arbor →Lansing →

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