Royal Oak, MI Real Estate

According to census data in the year 2000 there were 29,942 housing units in Royal Oak. This represents a 2.7% growth from 29,163 in 1990.

Of those housing units, 29,942 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Royal Oak is about 70.1%. Royal Oak's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.06 people.

The majority of houses, apartments or condos in Royal Oak were built after 1954.


Housing Size

Housing Units by Size
Studio Type2.10%
One Bedroom16%
Two Bedrooms26.10%
Three Bedrooms45.40%
Four Bedrooms9.20%
Five Bedrooms or more1.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1951
Median Value of occupied units$150,900
Median Price asked for vacant units$156,100

Rented Homes, Apartments and Condos

Average Household Size1.64
Median year structure was built1961
Median Monthly Rent asked for vacant units$649

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage4.80%
Home Equity Loan11.60%
Simple Mortgage55.10%
Debt Free28.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%