Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Royal Oak area can be challenging. Home prices in Royal Oak are now at a median cost of $632,769, higher than the Maryland average of $357,815.
The average cost of rent is $1,644/mo in Royal Oak, primarily driven by the current value of real estate in the Royal Oak area. While nearly 33.81% of residents own their homes outright in Royal Oak, 12.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Royal Oak is $8,743 per month. Households that rent pay about 18.81% of their income on rent here. Royal Oak's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Oxford, MD: less expensive homes
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- Neavitt, MD: less expensive homes
- Cambridge, MD: less expensive homes
- St. Michaels, MD: less expensive homes
Cities with Similar Populations
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- Holbrook, KY: less expensive homes
- Hebron, NH: less expensive homes
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