Royal Oak Michigan Area Home Supply Charts

This page looks at a variety of Royal Oak Michigan housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Royal Oak depicts it has a Housing Units of 31,199 which is the highest of all places in the greater Royal Oak region.

Figure 2 illustrates the housing density in the Royal Oak housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Royal Oak depicts it has a Housing Density of 2647.6 which is the third most housing densities of all other places in the greater Royal Oak region. The city with the highest housing density in the area is Clawson which shows a density of 2795.9 (only about 5.6% larger). Comparing housing density to the United States average of 39.5, Royal Oak is quite a bit bigger. Also, in contrast to the state of Michigan, housing density of 81.0, Royal Oak is substantially bigger.

In Figure 4, Royal Oak area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Royal Oak depicts it has a Housing Unit Change of 3.3% which is less than most other places in the greater region. The city with the highest change in the housing units in the area is Clawson which depicts a housing units of 6.2% (about twice as large). Comparing change in the housing units to the United States average of 7.4%, Royal Oak is approximately half the size. Also, compared to the state of Michigan, change in the housing units of 0.8%, Royal Oak is approximately 4.3 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Royal Oak depicts it has a Renter Percent of 34.2% which is the third most renter percent of all other places in the greater Royal Oak region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 65.8% which is less than most other places in the greater region.

Royal Oak Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Royal Oak home price is illustrated for this community and a useful analysis of affordable housing. Royal Oak depicts it has a Median Home Value of $249,900 which is the third most median home prices of all other places in the greater Royal Oak region. The city with the highest median home price in the area is Huntington Woods which shows a home price of $386,100 (54.5% larger). Figure 8 provides aggregate comparative data for the Royal Oak Michigan metro area in terms of the median housing rental rate, apartment rent, etc. Royal Oak depicts it has a Median Gross Rent of $1,190 which is in the mid range of other places in the local area. The city with the highest rental rates in the area is Huntington Woods which indicates a rental rates of $2,273 (about twice as large). Comparing rental rates to the United States average of $1,163, Royal Oak is only slightly larger. Also, compared with the state of Michigan, rental rates of $946, Royal Oak is 25.8% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Royal Oak has the percentage of home price worth less than $50,000 in the mid range of other places in the local area at 3% of the total. Second, it has less than most other places in the surrounding region as measured by home price worth between $50,000 to $100,000 at 20% of the total. Third, it has one of the largest proportions of home price worth between $100,000 to $200,000 at 43% of the total and is ranked #3. Only #2 Clawson (45%), and #1 Berkley (47%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Royal Oak depicts it has a Median Owner Cost of $1,372 which is the third most median ownership cost of all other places in the greater Royal Oak region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Royal Oak metro area. it has a Owner Cost as % of HH Income of 16% which is in the intermediate range of other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Royal Oak shows it has a Median Home Value as Percent of Median Earnings of 339% which is the third most of all other places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Royal Oak shows it has a Median Owner Costs-With Mortgage of $1,667 which is the third most median housing cost of all other places in the greater Royal Oak region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $555 which is in the mid range of other places in the area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Royal Oak has one of the largest proportions of owner cost less than $300 at 9% of the total and is ranked #2. The only larger city being Madison Heights with 20%. Second, it has the smallest proportion of owner cost between $500 and $700 at 10% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Royal Oak depicts it has a % of Income Owner Costs-With Mortgage of 18% which is in the mid point range of other places in the local area. The city with the highest cost as a percent of household income in the area is Oak Park which shows a cost as a percent of household income of 20% (11.0% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Royal Oak depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the third most cost as a percent of household income of all other places in the greater Royal Oak region. The city with the highest cost as a percent of household income in the area is Oak Park which depicts a cost as a percent of household income of 13% (15.5% larger).

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $3,689 which is the third most median real estate taxes paid of all other places in the greater Royal Oak region. The city with the highest median real estate taxes paid in the area is Huntington Woods which shows a taxes paid of $6,758 (about twice as large). Comparing median real estate taxes paid to the United States average of $2,690, Royal Oak is 37.1% larger. Also, versus the state of Michigan, median real estate taxes paid of $2,551, Royal Oak is 44.6% larger.

Figure 23 shows the rental rate distribution for this area. Royal Oak Michigan has the largest proportion of rent between 750 and 1000 dollars at 42% of the total and is ranked #1. Second, it has in the mid range of other places in the metro area when ranked by rent between 1000 and 1500 dollars at 23% of the total.

Royal Oak Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is the second smallest in order of family members per housing unit of all the other places in the metro area. The city with the highest family members per housing unit in the area is Oak Park which shows a family members per housing unit of 3.3 (16.6% larger). Comparing family members per housing unit to the United States average of 3.3, Royal Oak is about 15.7% smaller. Also, measured against the state of Michigan, family members per housing unit of 3.2, Royal Oak is about 11.5% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is the second smallest when ranked by average number of rooms in a house of all the other places in the metro area. The city with the highest average number of rooms in a house in the area is Huntington Woods which depicts an average number of rooms in a house of 7.8 (41.8% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1956 which is in the mid range of other places in the greater region. The city with the highest year built in the area is Madison Heights which depicts a year built of 1960 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2020 or later at 5% of the total and is ranked #1. Second, it has less than most other places in the surrounding region when ranked by homes built between 1960 to 1969 at 30% of the total. Third, it has one of the largest proportions of homes built between 1940 to 1949 at 17% of the total and is ranked #3. Only #2 Huntington Woods (17%), and #1 Pleasant Ridge (67%) are larger.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has the largest proportion of owner housing units at 9,910 of the total and is ranked #1.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 2% of the total and is ranked #1. Second, it has the largest proportion of 2 units at 5% of the total and is ranked #1. Third, it has one of the largest proportions of 3 or 4 units at 8% of the total and is ranked #2. The only larger city being Madison Heights with 10%. Also, it has the largest proportion of 10 to 19 units at 6% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2014 or later at $520,500 of the total and is ranked #1. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $385,300 of the total and is ranked #2. The only larger city being Huntington Woods with $704,900. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $273,800 of the total and is ranked #3. Only #2 Berkley ($362,800), and #1 Pleasant Ridge ($410,000) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $226,400 of the total and is ranked #2. The only larger city being Berkley with $227,700. In addition, it has the largest proportion of value of homes built 1980 to 1989 at $191,200 of the total and is ranked #1. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $239,400 of the total and is ranked #2. The only larger city being Huntington Woods with $520,800. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $237,400 of the total and is ranked #3. Only #2 Pleasant Ridge ($348,200), and #1 Huntington Woods ($404,100) are larger. Additionally, it has in the middle range of other places in the surrounding region as measured by value of homes built 1950 to 1959 at $236,600 of the total. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $285,200 of the total and is ranked #3. Only #2 Pleasant Ridge ($382,500), and #1 Huntington Woods ($424,600) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 7% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Royal Oak residents. it has a Owner-Household Size of 2.2 which is the second smallest when sorted by homeowner household size of all the other places in the greater region. The city with the highest homeowner household size in the area is Huntington Woods which depicts a homeowner household size of 2.7 (24.4% larger).

Figure 37 shows the household size for renters. Royal Oak shows it has a Renter-Household Size of 1.7 which is less than most other places in the greater region. The city with the highest renter household size in the area is Huntington Woods which depicts a renter household sizes of 2.7 (59.2% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 25% of the total and is ranked #2. The only larger city being Huntington Woods with 26%. Second, it has the smallest proportion of owners moved in 2000 to 2009 at 14% of the total. Figure 39 shows the year that people who rent moved into the area. Royal Oak has the largest proportion of renters moved in 2019 or later at 49% of the total and is ranked #1. Second, it has the second smallest when ranked by renters moved in 2019 or later of all the other places in the local area in order of renters moved in 2015 to 2018 at 16% of the total. Third, it has less than most other places in the area in order of renters moved in 2010 to 2014 at 5% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2009 which is the most of all places in the area. Figure 41 compares the median year that renters moved into their home. Royal Oak depicts it has a Renter Median Year Moved In of 2017 which is the second most median year that a renter moved in of all the places in the greater Royal Oak region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 16% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Royal Oak housing department, Michigan department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Royal Oak shows it has a Total In Group Quarters of 256 which is at the top of all other places in the greater Royal Oak region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Royal Oak residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Royal Oak has the percentage of number of people under 18 years of age and in group quarters the second smallest when sorted by number of people under 18 years of age and in group quarters of all the other places in the metro area at 91% of the total.