Royal Oak, MI—48067
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$331,000
1.5% YoY Growth
Household Income
$107,000
30.9% YoY Growth
Days on Market
38
9.0% Longer YoY
Home Price Forecast
2.1%
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 Nov '25, the median home price in Royal Oak, MI is $331,000, with a year-over-year change of 1.5%. This indicates that home prices in Royal Oak, MI are increasing. 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 | $331,000 | 1.5% |
| Single Family | $325,000 | 1.6% |
| Condos | $372,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |