Oakland, MI 48363 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Oakland, MI—48363

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$674,000

4.0% YoY Growth

Household Income

$173,000

35.3% YoY Growth

Days on Market

80.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$3,450

27.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,450

N/A

Other Zip Codes in Oakland, MI

48306

Home Price Trends — Oakland, MI

As of Nov '25, the median home price in Oakland, MI is $674,000, with a year-over-year change of 4.0%. This indicates that home prices in Oakland, 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	$674,000	4.0%
Single Family	$636,000	3.8%
Condos	$791,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Oakland, MI

As of July '25, Rentcast reports the average rent in Oakland, MI is $3,450, with a year-over-year rent change of -27.4%. Per bedroom, the median rent as of July '25 in Oakland, MI is 3-bedrooms: $3,450. The most common rental property sizes in Oakland, MI are 2-bedroom and 3-bedroom, accounting for 67.1% and 22.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,450	$3,450
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$3,450	$3,450
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

67.1%

3 Bedrooms

22.4%

4 Bedrooms

10.6%

Property Listings — Oakland, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Oakland, MI is 56. This is a increase of 80.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$1,460,000	16.0%
Listing Count	27	-17.0%
Listings as % of Homes	1.8%	-17.0%
Days on Market	56	80.0%

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Demographics — Oakland, MI

As of the latest ACS Survey released in 2023, Oakland, MI has a population of 7,430, which has increased by 16.0% over the past 5 years. Oakland, MI is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 58.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,430	16.0%
% Under 18	27.8%	1.8%
% Seniors	12.5%	-9.4%
% WFH	20.8%	271.4%
% w/ College Degree	58.6%	26.6%

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As of the latest ACS Survey released in 2023, Oakland, MI is a predominantly white area, with 91.3% of the population identifying as white. The white population has grown by 4.2% in the last 5 years. The second most common race or ethnicity in Oakland, MI is asian, making up 3.7% of the population. Foreign-born residents account for 10.3% of the population in Oakland, MI, and this percentage has increased by 10.8% 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	91.3%	4.2%
% Black	0.5%	400.0%
% Hispanic	3.4%	-10.5%
% Asian	3.7%	-51.9%
% Foreign Born	10.3%	10.8%

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Mortgage and Risk — Oakland, MI

According to HUD data as of 2023, there were 100 mortgage originations in Oakland, MI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Oakland, MI. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	100
% Conventional Loans	94.0%
% Government Loans	6.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Oakland, MI

Oakland, MI 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	N/A	N/A	$1,130
2 Bedroom	N/A	N/A	$1,430
3 Bedroom	-$1,690	$3,450	$1,760
4 Bedroom	N/A	N/A	$1,900

Oakland, MI—48363

Key Metrics at a Glance

Other Zip Codes in Oakland, MI

Home Price Trends — Oakland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakland, MI

% of Rental Stock

Property Listings — Oakland, MI

Demographics — Oakland, MI

Race and Ethnicity

Mortgage and Risk — Oakland, MI

Mortgages

Rentals and Section 8 — Oakland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakland, MI

Home Price to Income Ratio

Oakland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Oakland, MI

Leonard, MI

Leonard, MI

Lake Orion, MI

Orion, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$674,000
Median Household Income	$173,000

Oakland, MI—48363

Key Metrics at a Glance

Other Zip Codes in Oakland, MI

Home Price Trends — Oakland, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Oakland, MI

% of Rental Stock

Property Listings — Oakland, MI

Demographics — Oakland, MI

Race and Ethnicity

Mortgage and Risk — Oakland, MI

Mortgages

Rentals and Section 8 — Oakland, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Oakland, MI

Home Price to Income Ratio

Oakland, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Oakland, MI

Leonard, MI

Leonard, MI

Lake Orion, MI

Orion, MI

Frequently Asked Questions

What is the average home price in Oakland, MI 48363?

How have home prices in Oakland, MI 48363 changed over the past year?

What is the home price projection for Oakland, MI 48363?

What are the demographics of Oakland, MI 48363?

How long does it take homes to sell in Oakland, MI 48363?

What is the average rent price in Oakland, MI 48363?