The median home in Royal Oak, Michigan is valued at $316,930, up 2.2% year over year. Typical monthly rent is $2,118, producing a price-to-rent ratio of 12.5x — below the national average of 18x. Royal Oak is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$316,930

+2.2%

Rent$2,118/mo

AFFORDABILITY

Enter your income for Royal Oak.

Income (annual)

Down Payment

$63,386 on $316,930

Stretch — 34.3% of income

Above 28% but manageable with cuts.

PITI$2,143

P/I34.3%

Afford$259K

Gap-$58K

P&I $1,603Tax $407Ins $133

Renting $25/mo cheaper ($2,118 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Royal Oak with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

ROYAL OAK, MI