The median home value in Royal Oak, MI is $349,000. This is higher than the county median home value of $248,100. The national median home value is $219,700. The average price of homes sold in Royal Oak, MI is $349,000. Approximately 62.21% of Royal Oak homes are owned, compared to 31.72% rented, while 6.06% are vacant. Royal Oak real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Royal Oak real estate agent to arrange a tour today!
Royal Oak, Michigan has a population of 58,973. Royal Oak is less family-centric than the surrounding county with 29.35% of the households containing married families with children. The county average for households married with children is 33.38%.
The median household income in Royal Oak, Michigan is $74,140. The median household income for the surrounding county is $73,369 compared to the national median of $57,652. The median age of people living in Royal Oak is 36.2 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 17.7 degrees. The average rainfall is approximately 33.1 inches per year, with 36.1 inches of snow per year.