Median home value: $317K (+2.2% YoY). Rent: $2,118/mo. Price-to-rent: 12.5x. Part of Detroit-Warren-Dearborn, MI.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Detroit-Warren-Dearborn, MI metro page.
Home Value$316,930
+2.2%
Rent$2,118/mo
AFFORDABILITYBuying $58/mo cheaper ($2,118 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Royal Oak.
$63,386 on $316,930
Stretch — 33% of income
Above 28% but manageable with cuts.
PITI$2,060
P/I33%
Afford$269K
Gap-$48K
P&I $1,520Tax $407Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing