Area data
Royal oak, MI — ZIP 48073
Population: 33,106 (Census ACS)
Home values & appreciation
- Median home value
- $328,407
- 1-year appreciation
- +2.4%
- 3-year appreciation
- +11.4%
- 5-year appreciation
- +18.7%
- 10-year appreciation
- +65.7%
- All-time peak (2026-03)
- $329,166
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $412,000
- Median list price
- $399,950
- Median days on market
- 17 days
- Sale-to-list ratio
- 100.4%
- Active listings
- 62
- 1-year forecast
- +1.1%
- Days to pending
- 21 days
- New listings (monthly)
- 83
Rents
- Typical rent
- $1,888/mo
- 1-year rent change
- +3.0%
- 1BR fair-market rent
- $1,290/mo
- 3BR fair-market rent
- $1,980/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 7
- Elementary schools
- 4
- Middle schools
- 0
- High schools
- 3
Natural hazards & flood risk
- Overall hazard risk
- Relatively High
- Top hazards
- coldWave, iceStorm, strongWind, tornado, heatWave
- FEMA flood zone
- X
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 49.0°F
- Average high
- 59.0°F
- Average low
- 40.0°F
- Annual precipitation
- 36.3 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 41
- Days with Good air quality
- 193
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 7.0 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- River Raisin National Battlefield Park (43 mi)
- Nearest airport
- Oakland Troy Airport (2 mi)
- Nearest major airport
- Coleman A. Young Municipal Airport (DET) (11 mi)
- Hospitals nearby (~15 mi)
- 1
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- -3,502 tax filers
Housing stock
- Median year housing built
- 1,958
- Median annual property tax
- $4,091
- Mean commute to work
- 18 min
- Households with broadband internet
- 85.6%
Employment & development
- Total county employment
- 680,690
- Average weekly wage
- $1,465
- Top industries (by employment)
- Health Care, Professional Services, Accommodation & Food
- Annual residential building permits (county)
- 1,342
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →