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Royal Oak city, MI

ZIP 48067 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48067

Median Home Value
$309,200
Median Rent
$1,319
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,986/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48067 in Royal Oak city, MI, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,986. That sits below the local median household income ($107,355), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
67.5%+3% vs US avg
x
Vacancy Rate
5.8%-44% vs US avg
x
Broadband Access
94.8%+9% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
17.8%+39% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
15.2%-69% vs US avg
x
Mortgage-Free
29.1%-24% vs US avg
x
$309,200
Home Value
$1,319
Rent
1952
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached67.4%
  • 1-unit attached3.6%
  • 2-9 units12.0%
  • 10+ units17.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$309,200
Median rent$1,319
Owner-occupied67.5%
Vacant5.8%
Price-to-income2.9x
Est. income to buy$85,000