Royal Oak, MI—48067
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$348,000
2.1% YoY Growth
Household Income
$107,000
30.9% YoY Growth
Days on Market
23
9.0% Longer YoY
Home Price Forecast
0.0%
Median Rent
$2,250
8.4% YoY Growth
1-Bed Rent
$1,300
15.3% YoY Growth
2-Bed Rent
$2,100
7.4% YoY Growth
3-Bed Rent
$2,500
6.5% YoY Growth
Other Zip Codes in Royal Oak, MI
Home Price Trends — Royal Oak, MI
As of May '26, the median home price in Royal Oak, MI is $348,000, with a year-over-year change of 2.1%. This indicates that home prices in Royal Oak, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 2.1% |
| Single Family | $344,000 | 2.1% |
| Condos | $376,000 | 2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |