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States / Michigan / Royal Oak

Royal Oak, MI Housing

ACS 2020-2024

Median Home Value
$328,700 ± $5,973
Median Gross Rent
$1,381 ± $47/mo
Homeownership Rate
68.0%
Rent as Share of Income
16.4%
Price-to-Income Ratio
3.3×
Vacancy Rate
6.5%
Median Year Built
1956

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
140
Buildings
140
Single-Family Units
140
Multi-Family Units
0

Nearby Cities in Michigan

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.

Royal Oak, MI Housing: Rent & Home Values | HomeDataUSA