Rental market snapshot for Royal Oak, Michigan
Royal Oak, Michigan Rental Property Market Overview
Royal Oak, Michigan is a vibrant city located in Oakland County. As of 2021, the US Census reported that the population of Royal Oak was 57,953. This city is known for its lively downtown area, which features a variety of restaurants, bars, and shops. It is also home to the Royal Oak Music Theatre, a popular venue for concerts and other events. Royal Oak is a great place to live, work, and play, and its population continues to grow. (Source: US Census, 2021)
The average rent for an apartment in Royal Oak is $1,714. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 4.6% over the past year.
Last Updated April 22, 2023
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Average monthly rent graph in Royal Oak Michigan | Cost of Living
- The most expensive ZIP code in Royal Oak is 48067 with an average price of $1,570
- The cheapest ZIP code in Royal Oak is 48073 with an average price of $1,195
Royal Oak ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 48067 | $1,570 |
| 2 | 48073 | $1,340 |
Live near Royal Oak, Michigan's Top Sights and Attractions
Starr Jaycee Park is a beautiful outdoor space with plenty of activities for all ages. It features a large playground with swings, slides, and other play structures, as well as a picnic area with tables and grills. There is also a walking path that winds through the park, and a pond with a fountain and a bridge. The park also has a basketball court, a sand volleyball court, and a baseball diamond. In addition, there are plenty of trees and shrubs that provide shade and a peaceful atmosphere.
Whittier Park is a large, lush park located in the heart of Royal Oak. It features a variety of outdoor activities, including a playground, basketball courts, tennis courts, and a large pond with a walking path. The park also has a picnic area, a gazebo, and plenty of open space for visitors to enjoy. The park is a popular spot for families, couples, and friends to gather and enjoy the outdoors.
The Detroit Zoo is a sprawling wildlife park located in Royal Oak, Michigan. It is home to more than 2,000 animals from over 250 species, including lions, tigers, giraffes, zebras, and polar bears. The zoo also features a variety of interactive exhibits, educational programs, and activities for visitors of all ages. The zoo also has a carousel, a 4-D theater, and a train ride. The grounds also feature a variety of gardens, including a butterfly garden, a wildflower garden, and a children's garden.
Memorial Park is a large public park located in a bustling suburban area. It features a variety of amenities, including a playground, walking trails, picnic areas, and a large pond. The park also has a memorial dedicated to those who have served in the military, as well as a memorial to those who have lost their lives in service. In addition, the park is home to a variety of wildlife, including ducks, geese, and other birds. The park is a popular destination for families, joggers, and nature enthusiasts alike.
Worden Park is a beautiful outdoor space located in a bustling suburban area. It features a large pond with a fountain, a playground, a picnic area, and plenty of walking paths. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In the summer, visitors can enjoy a variety of activities, such as fishing, kayaking, and paddle boating. There is also a large pavilion with a stage, perfect for hosting concerts and other events.
Exchange Park is a large outdoor park located in the heart of Royal Oak. It features a variety of activities and attractions, including a large playground, a splash pad, a skate park, a basketball court, a baseball diamond, and a picnic area. The park also has a large pond with a walking path around it, as well as a variety of trees and shrubs. Exchange Park is a great place to spend a day with family and friends, or to just relax and enjoy the outdoors.
Quickstad Park is a popular outdoor destination located in the heart of a bustling suburban area. It features a large lake with a walking path around it, a playground, picnic areas, and a variety of sports fields. The park also has a large open grassy area perfect for playing games or just relaxing. In addition, there are several pavilions and shelters available for rent, making it a great spot for family gatherings or special events.
Lawson Park is a beautiful outdoor area located in Royal Oak, Michigan. It features a large pond, a playground, and plenty of open space for picnics and outdoor activities. The park also has a walking path that winds around the pond and a gazebo for visitors to relax and enjoy the scenery. The park is a great place for families to spend time together and for visitors to take in the natural beauty of the area.
Dondero Park is a large public park located in a bustling suburb of Michigan. It features a variety of recreational activities, including a playground, walking trails, a pond, and a picnic area. The park also has a large open field, perfect for playing sports or hosting events. In addition, the park is home to a variety of wildlife, including birds, squirrels, and other small animals. Visitors can also enjoy the beautiful views of the surrounding area, including nearby lakes and wooded areas.
Meininger Park is a popular outdoor attraction located in the suburbs of a midwestern city. It features a large pond, walking trails, and a variety of wildlife. The park also has a playground, picnic areas, and a pavilion for events. It is a great place to spend a day outdoors, enjoying the fresh air and natural beauty.
Royal Oak, Michigan area median rent change by ZIP code map
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
How does Royal Oak compare to other cities in Michigan ?
| city | median price |
|---|---|
| Madison Heights | $1,450 |
| Grandville | $1,455 |
| Ferndale | $1,650 |
| Grosse Pointe | $1,500 |
| Grosse Pointe Park | $1,500 |
| Garden City | $1,485 |
| Grand Haven | $1,360 |
| Davison | $1,149 |
Average household income in Royal Oak area graph - US Census
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
The median household income in Royal Oak in 2021 was $87,316. This represents a 39.7% change from 2011 when the median was $62,495.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 3.8% |
| 1 | $10,000 to $14,999 | 1.8% |
| 2 | $15,000 to $19,999 | 2.3% |
| 3 | $20,000 to $24,999 | 3.7% |
| 4 | $25,000 to $29,999 | 4.8% |
| 5 | $30,000 to $34,999 | 2.8% |
| 6 | $35,000 to $39,999 | 2.3% |
| 7 | $40,000 to $44,999 | 3.2% |
| 8 | $45,000 to $49,999 | 2.5% |
| 9 | $50,000 to $59,999 | 5.8% |
| 10 | $60,000 to $74,999 | 11.2% |
| 11 | $75,000 to $99,999 | 15.5% |
| 12 | $100,000 to $124,999 | 10.8% |
| 13 | $125,000 to $149,999 | 10.0% |
| 14 | $150,000 to $199,999 | 10.1% |
| 15 | $200,000 or more | 9.3% |
