Royal Oak, MD 21662 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Royal Oak, MD—21662

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$1,061,000

0.7% YoY Growth

Household Income

$133,000

117.9% YoY Growth

Days on Market

61.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$1,400

25.0% YoY Growth

1-Bed Rent

$1,400

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,500

N/A

Home Price Trends — Royal Oak, MD

As of Dec '25, the median home price in Royal Oak, MD is $1,061,000, with a year-over-year change of -0.7%. This indicates that home prices in Royal Oak, MD are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$1,061,000	-0.7%
Single Family	$1,068,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

34.0%

3 Bedrooms

40.4%

4 Bedrooms

12.8%

5+ Bedrooms

12.8%

Property Listings — Royal Oak, MD

As of Dec '25, Realtor.com reports that the median days on market for a home in Royal Oak, MD is 67. This is a decrease of -55.0% 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	$2,650,000	34.0%
Listing Count	13	19.0%
Listings as % of Homes	0.8%	19.0%
Days on Market	82	-61.0%

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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%

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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%

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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

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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

Royal Oak, MD—21662

Key Metrics at a Glance

Home Price Trends — Royal Oak, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Royal Oak, MD

% of Rental Stock

Property Listings — Royal Oak, MD

Demographics — Royal Oak, MD

Race and Ethnicity

Mortgage and Risk — Royal Oak, MD

Mortgages

Rentals and Section 8 — Royal Oak, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Royal Oak, MD

Home Price to Income Ratio

Royal Oak, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Royal Oak

Saint Michaels, MD

Neavitt

Oxford, MD

Bozman, MD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.6
Median Home Price	$1,061,000
Median Household Income	$133,000

Royal Oak, MD—21662

Key Metrics at a Glance

Home Price Trends — Royal Oak, MD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Royal Oak, MD

% of Rental Stock

Property Listings — Royal Oak, MD

Demographics — Royal Oak, MD

Race and Ethnicity

Mortgage and Risk — Royal Oak, MD

Mortgages

Rentals and Section 8 — Royal Oak, MD

Section 8 Market Size

Section 8 Opportunity

Affordability — Royal Oak, MD

Home Price to Income Ratio

Royal Oak, MD — ZIP Code Boundary Map

Nearby ZIP Codes

Royal Oak

Saint Michaels, MD

Neavitt

Oxford, MD

Bozman, MD

Frequently Asked Questions

What is the average home price in Royal Oak, MD 21662?

How have home prices in Royal Oak, MD 21662 changed over the past year?

What is the home price projection for Royal Oak, MD 21662?

What are the demographics of Royal Oak, MD 21662?

How long does it take homes to sell in Royal Oak, MD 21662?

What is the average rent price in Royal Oak, MD 21662?