Royal Oak, MI 48068 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Royal Oak, MI — 48068
Median Listing Price
--
Population
--
Households
530,460
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
561K
units
Occupied
530,460
94.5%
Vacant
30,888
5.5%
2024 Tenure
530K
occupied
Owner
385,500
72.7%
Renter
144,960
27.3%
Renter Share
27.3%
-1.5% YoY
Total Housing Units
561,348
+0.6% YoY
FY2026 Fair Market Rent — Oakland County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,009
/month
1 BR
$1,122
/month
2 BR
$1,411
/month
3 BR
$1,724
/month
4 BR
$1,868
/month
FMR Trends — Oakland County
Source: HUD Fair Market Rents
County Demographics
Median Age
41.3
2024
Population
Oakland County Population
1,296,888
+1.2% YoY
Households
Total Households
530,460
+0.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.39
+0.4% YoY
Age
2024 Age Mix
1.3M
residents
Under 18
259,334
20.3%
Adults 18–64
785,435
61.4%
65 & Over
235,056
18.4%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
259,334
-0.5% YoY
Population 65 & Over
235,056
+3.1% YoY
Median Age
41.30
+0.2% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
89.1%
Moved (within US)
10.1%
Other
0.8%
Veterans
4.4%
-6.4% YoY
County Economy
Income
Median Household Income
$98K
+2.6% YoY
Per-Capita Income
$57K
+2.9% YoY
Mean Household Income
$134K
+2.9% YoY
Poverty
Below Poverty Level
7.7%
0.0% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
71.3%
Public transit
0.3%
Worked from home
20.2%
Other
8.2%
Worked From Home
20.2%
+12.2% YoY
Mean Commute
25.80
-0.8% YoY
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