Home prices
The cost of the median home in Royal Oak is $224,600. In comparison to its surrounding areas this is approximately $17,340 (7%) lower.Compared to the entire nation it is about $7,100 (3%) higher, and it is about $175,400 (356%) higher in comparison to the city of Detroit.
Rents
In Royal Oak the median rent is $1,079 per month. It is about $216 (16%) lower in comparison to its surrounding areas.It is approximately $17 (1%) higher compared to the United States as a whole, and compared to the city of Detroit is about $255 (30%) higher.
Nearby places
Berkley
Berkley is Royal Oak's neighbor to the southwest. Housing prices there are a bit less expensive. The median home in Berkley costs $199,200, which works out to $25,400 (12%) lower than Royal Oak. Its rents are fairly similar. The median rent in Berkley is $1,115 per month, which comes out to $36 (3%) higher than Royal Oak.
Clawson
Clawson is Royal Oak's neighbor to the north. Real estate prices there are somewhat less expensive. The median home in Clawson is valued at $177,500, which works out to $47,100 (26%) lower than Royal Oak. Its rents are a little less expensive. In Clawson the median monthly rent is $933, which is $146 (15%) lower than Royal Oak.
Huntington Woods
Huntington Woods is Royal Oak's neighbor to the south. The real estate prices there are significantly more expensive. The median home in Huntington Woods is valued at $362,900, which is $138,300 (38%) higher than Royal Oak. The rent there is significantly more expensive. In Huntington Woods the median rent is $2,014 per month, which comes out to $935 (46%) higher than Royal Oak.
Madison Heights
Madison Heights is Royal Oak's neighbor to the east. Real estate prices there are a lot less expensive. The median home cost in Madison Heights is $124,000, which is $100,600 (81%) lower than Royal Oak. Rent there is a bit less expensive. The median monthly rent in Madison Heights is $967, which is $112 (11%) lower than Royal Oak.
Pleasant Ridge
Pleasant Ridge is Royal Oak's neighbor to the south. Real estate prices there are substantially more expensive. The median home in Pleasant Ridge is valued at $346,100, which is $121,500 (35%) higher than Royal Oak. The rent there is a bit more expensive. In Pleasant Ridge the median rent is $1,445 a month, which is $366 (25%) higher than Royal Oak.
