Royal Oak, MD—21662
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Royal Oak, MD
As of Oct '25, the median home price in Royal Oak, MD is $1,084,000, with a year-over-year change of -0.8%. This indicates that home prices in Royal Oak, MD are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,084,000 | -0.8% |
| Single Family | $1,087,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Royal Oak, MD
As of July '25, Rentcast reports the average rent in Royal Oak, MD is $1,950, with a year-over-year rent change of -25.0%. Per bedroom, the median rent as of July '25 in Royal Oak, MD is 1-bedrooms: $1,400, 3-bedrooms: $2,500. The most common rental property sizes in Royal Oak, MD are 3-bedroom and 2-bedroom, accounting for 40.4% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Royal Oak, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Royal Oak, MD is 64. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $3,100,000 | 17.0% |
Listing Count | 13 | -14.0% |
| Listings as % of Homes | 0.8% | -14.0% |
Days on Market | 64 | -36.0% |
Demographics — Royal Oak, MD
As of the latest ACS Survey released in 2023, Royal Oak, MD has a population of 612, which has increased by 34.5% over the past 5 years. Royal Oak, MD is a moderately popular place for families, as children make up 23.4% of the population. The area has a highly educated workforce, with 54.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 612 | 34.5% |
% Under 18 | 23.4% | 325.5% |
% Seniors | 28.4% | -37.9% |
% WFH | 25.4% | 1,170.0% |
% w/ College Degree | 54.0% | -2.2% |
As of the latest ACS Survey released in 2023, Royal Oak, MD is a predominantly white area, with 64.1% of the population identifying as white. The white population has shrunk by 19.7% in the last 5 years. The second most common race or ethnicity in Royal Oak, MD is black, making up 23.4% of the population. Foreign-born residents account for 6.7% of the population in Royal Oak, MD, and this percentage has increased by 157.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.1% | -19.7% |
% Black | 23.4% | 15.8% |
% Hispanic | 10.3% | ∞% |
% Asian | 2.3% | ∞% |
% Foreign Born | 6.7% | 157.7% |
Mortgage and Risk — Royal Oak, MD
Royal Oak, MD lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Royal Oak, MD
Royal Oak, MD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,400 | $1,770 |
| 2 Bedroom | N/A | N/A | $1,960 |
| 3 Bedroom | $250 | $2,500 | $2,750 |
| 4 Bedroom | N/A | N/A | $3,290 |
Affordability — Royal Oak, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $1,084,000 |
| Median Household Income | $133,000 |