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Royal Oak, MI Housing

 
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As of 2010-2014, median price of a house in Royal Oak is $159,000, which is higher than the state average of $120,200 and is lower than the national average of $175,700. The Royal Oak median house value has grown by 5.37% since 2000. The growth rate for the price of a house in Royal Oak is about the same as the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Royal Oak was built is 1955, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 18,927 Owner Occupied Houses in Royal Oak, MI, #89
Royal Oak, MI
159,000 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #330
Royal Oak, MI
5.37%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Royal Oak, MIMichiganU.S.
Total Housing Units30,210, see rank, 100%4,532,719132,741,033
Occupied Housing Units28,269, 93.57%, see rank84.45%87.55%
Owner Occupied18,927, 62.65%, see rank60.41%56.34%
Renter Occupied9,342, 30.92%, see rank24.04%31.21%
Vacant Housing Units1,941, 6.43%, see rank15.55%12.45%
For Rent438, 1.45%, see rank1.84%2.34%
For Sale Only351, 1.16%, see rank1.40%1.20%
Rented or Sold, Not Occupied396, 1.31%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use319, 1.06%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant437, 1.45%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #486
Royal Oak, MIMichiganU.S.
195519691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Royal Oak, MI%MichiganU.S.
Owner-Occupied Units18,927100%2,738,01274,787,460
With a Mortgage13,84673.15%, see rank63.63%65.58%
Without a Mortgage5,08126.85%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Royal Oak, MI
1,430 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsRoyal Oak, MI%MichiganU.S.
$299 or Less510.37%, see rank0.19%0.20%
$300 to $4991511.09%, see rank1.88%1.59%
$500 to $6995283.81%, see rank6.65%5.01%
$700 to $9991,76712.76%, see rank19.56%14.32%
$1,000 to $1,4995,23137.78%, see rank34.69%27.90%
$1,500 to $1,9993,79927.44%, see rank20.06%20.35%
$2,000 to $2,9991,90613.77%, see rank12.84%19.52%
$3,000 or More4132.98%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Royal Oak, MI
20.30% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Royal Oak, MI%MichiganU.S.
10% or Less1,1728.46%, see rank5.90%5.86%
10% to 20%5,58740.35%, see rank35.28%31.95%
20% to 30%3,48225.15%, see rank27.51%27.64%
30% to 40%1,38710.02%, see rank12.63%13.74%
40% or More2,19215.83%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Royal Oak, MI
518 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsRoyal Oak, MI%MichiganU.S.
$199 or Less1212.38%, see rank4.74%7.76%
$200 to $2993086.06%, see rank12.46%14.70%
$300 to $4991,92737.93%, see rank40.41%34.63%
$500 to $6991,73734.19%, see rank25.95%21.16%
$700 or More98819.44%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Royal Oak, MI
14.00% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Royal Oak, MI%MichiganU.S.
10% or Less1,67532.97%, see rank35.33%40.19%
10% to 20%1,82535.92%, see rank33.76%31.47%
20% to 30%64812.75%, see rank13.39%12.24%
30% to 40%2504.92%, see rank6.18%5.64%
40% or More65712.93%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Royal Oak, MIMichiganU.S.
Total Housing Units30,210, 100%4,532,719132,741,033
1-unit, Detached20,715, 68.57%, see rank71.97%61.65%
1-unit, Attached1,670, 5.53%, see rank4.66%5.82%
2 Units723, 2.39%, see rank2.58%3.75%
3 or 4 Units1,181, 3.91%, see rank2.56%4.43%
5 to 9 Units1,791, 5.93%, see rank4.20%4.78%
10 or More Units3,982, 13.18%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.148, 0.49%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Royal Oak, MIMichiganU.S.
Total Housing Units30,210, 100%4,532,719132,741,033
1 Room348, 1.15%, see rank1.24%1.95%
2 Rooms603, 2.00%, see rank1.78%2.48%
3 Rooms2,822, 9.34%, see rank7.14%9.13%
4 Rooms4,179, 13.83%, see rank14.38%16.60%
5 Rooms7,101, 23.51%, see rank21.00%20.41%
6 Rooms7,046, 23.32%, see rank20.07%18.06%
7 Rooms3,858, 12.77%, see rank13.45%12.27%
8 Rooms2,120, 7.02%, see rank9.27%8.48%
9 Rooms or More2,133, 7.06%, see rank11.67%10.60%
Median Rooms5.50, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Royal Oak, MIMichiganU.S.
Total Housing Units30,210, 100%4,532,719132,741,033
No Bedroom379, 1.25%, see rank1.35%2.17%
1 Bedroom4,103, 13.58%, see rank9.11%11.16%
2 Bedrooms7,884, 26.10%, see rank26.33%26.69%
3 Bedrooms14,545, 48.15%, see rank43.93%39.70%
4 Bedrooms2,874, 9.51%, see rank15.80%16.05%
5 or More Bedrooms425, 1.41%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Royal Oak, MIMichiganU.S.
Total Housing Units28,269, 100%3,827,880116,211,092
Utility Gas25,430, 89.96%, see rank77.13%48.85%
Bottled, Tank, or LP Gas264, 0.93%, see rank8.48%4.86%
Electricity2,145, 7.59%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.89, 0.31%, see rank1.40%5.86%
Coal or Coke14, 0.05%, see rank0.03%0.12%
Wood69, 0.24%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel120, 0.42%, see rank0.86%0.47%
No Fuel Used138, 0.49%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalRoyal Oak, MIMichiganU.S.
Occupied Units Paying Rent9,126, 100%1,028,83539,201,928
$199 or Less73, 0.80%, see rank1.86%1.50%
$200 to $299134, 1.47%, see rank3.88%3.18%
$300 to $499396, 4.34%, see rank9.32%7.37%
$500 to $6991,380, 15.12%, see rank23.63%16.01%
$700 to $9993,315, 36.32%, see rank35.23%29.17%
$1,000 to $1,4992,528, 27.70%, see rank20.17%26.88%
$1,500 to $1,9991,042, 11.42%, see rank3.85%9.79%
$2,000 or More258, 2.83%, see rank2.06%6.10%
Median$901, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Royal Oak, MIMichiganU.S.
Occupied Housing Units28,269, 100%3,827,880116,211,092
No Vehicles Available1,463, 5.18%, see rank7.97%9.12%
1 Vehicles Available11,875, 42.01%, see rank35.06%33.80%
2 Vehicles Available11,222, 39.70%, see rank38.45%37.48%
3 or More Vehicles Available3,709, 13.12%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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