Royal Oak, MI—48073
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$310,000
2.2% YoY Growth
Household Income
$86,400
13.4% YoY Growth
Days on Market
40
1.0% Shorter YoY
Home Price Forecast
1.9%
Median Rent
$1,600
1.1% YoY Growth
1-Bed Rent
$1,200
2.6% YoY Growth
2-Bed Rent
$1,500
2.5% YoY Growth
3-Bed Rent
$2,300
9.6% 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 $310,000, with a year-over-year change of 2.2%. This indicates that home prices in Royal Oak, MI are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $310,000 | 2.2% |
| Single Family | $329,000 | 1.9% |
| Condos | $166,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |