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Royal Oak, MD—21662

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,113,000
3.3% YoY Growth
Household Income
$133,000
117.9% YoY Growth
Days on Market
121
76.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$1,400
25.0% YoY Growth
1-Bed Rent
$1,400
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,500
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Royal Oak, MD

As of May '26, the median home price in Royal Oak, MD is $1,113,000, with a year-over-year change of 3.3%. This indicates that home prices in Royal Oak, MD are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,113,0003.3%
Single Family $1,113,0003.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		N/AN/A
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    1.4%
    2 Bedrooms
    15.7%
    3 Bedrooms
    50.0%
    4 Bedrooms
    22.0%
    5+ Bedrooms
    11.0%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,950
    Studio Rent N/AN/A
    1 Bed Rent $1,400$1,400
    2 Bed Rent N/AN/A
    3 Bed Rent $2,500$2,500
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Royal Oak, MD is 121. This is a increase of 76.0% from last year, suggesting that homes are sitting on the market longer 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,100,00038.0%
    Listing Count
    		1858.0%
    Listings as % of Homes0.8%58.0%
    Days on Market
    		12176.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		61234.5%
    % Under 18
    		23.4%325.5%
    % Seniors
    		28.4%-37.9%
    % WFH
    		25.4%1,170.0%
    % w/ College Degree
    		54.0%-2.2%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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
    Loading chart...
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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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$370$1,400$1,770
    2 BedroomN/AN/A$1,960
    3 Bedroom$250$2,500$2,750
    4 BedroomN/AN/A$3,290

    Affordability — Royal Oak, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.7
    Median Home Price$1,113,000
    Median Household Income$133,000

    Royal Oak, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Royal Oak

    21653

    Saint Michaels, MD

    21663

    Neavitt

    21652

    Oxford, MD

    21654

    Bozman, MD

    21612

    Frequently Asked Questions