Housing · Royal Oak
Royal Oak, MI housing market
The typical Royal Oak home is worth about $331,000, up 2.1% in a year, 24% above the Michigan typical home.
Home values, sales, trends and how Royal Oak compares with the towns next door — updated as new data is published.
The market right now
Royal Oak at a glance
Typical home value
$331K
▲ 2.1% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
Royal OakMichigan
Show as a table
| January | Royal Oak | Michigan |
|---|---|---|
| 2017 | $207,000 | $144,000 |
| 2018 | $226,000 | $155,000 |
| 2019 | $235,000 | $165,000 |
| 2020 | $241,000 | $175,000 |
| 2021 | $259,000 | $194,000 |
| 2022 | $277,000 | $217,000 |
| 2023 | $291,000 | $230,000 |
| 2024 | $310,000 | $241,000 |
| 2025 | $324,000 | $253,000 |
| 2026 | $331,000 | $262,000 |
| August 2026 | $331,000 | $266,000 |
Next door
Royal Oak and its neighbors
The towns that share a border. Tap one to see its housing page.
Affordability
6.9 years of income
The typical Royal Oak home costs about 6.9 years of the town's median household income, more than across Michigan (3.7 years).
How Royal Oak ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
35.5%
Michigan: 73.2%
Median tax bill
$2,277
Michigan: $2,904
Median rent
$864
Michigan: $1,129
Typical home built
1963
Michigan: 1972
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.