Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Royal Oak area can be challenging. Home prices in Downtown Royal Oak are now at a median cost of $316,859, higher than the Royal Oak average of $262,752.
The average cost of rent is $1,095/mo in Downtown Royal Oak, primarily driven by the current value of real estate in the Downtown Royal Oak area. While nearly 27.93% of residents own their homes outright in Downtown Royal Oak, 41.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Royal Oak is $7,018 per month. Households that rent pay about 15.60% of their income on rent here. Downtown Royal Oak's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Downtown Madison Heights, Madison Heights, MI: less expensive homes
- Eight Mile Wyoming, Detroit, MI: less expensive homes
- Pembroke, Detroit, MI: less expensive homes
- Downtown Southfield, Southfield, MI: less expensive homes
- Bagley, Detroit, MI: less expensive homes
- Winship, Detroit, MI: less expensive homes
- Greenfield, Detroit, MI: less expensive homes
- Martin Park, Detroit, MI: less expensive homes
- Downtown Troy, Troy, MI: less expensive homes
- Fitzgerald, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Wachter's, Bismarck, ND: less expensive homes
- Young-Lilly, Springfield, MO: less expensive homes
- Tampa International Airport Area, Tampa, FL: higher priced homes
- Benjamin Hills, Wichita, KS: less expensive homes
- Spring Lake, Birmingham, AL: less expensive homes
- Jeff Davis, Richmond, VA: less expensive homes
- Kenny, Minneapolis, MN: higher priced homes
- South of Fifth, Miami Beach, FL: higher priced homes
- Somerset Park, Willingboro, NJ: less expensive homes
- Sky Ranch, Santee, CA: higher priced homes
All Local Stats
Home Services
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