The story of this market
The typical home in ZIP 48067 sells for about $362,500, or $235 per square foot.
Prices are up +1.41% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,489 a month.
ZIP 48067 — Royal Oak
The Royal Oak housing market remains active with steady price growth and high demand for urban-style living. While days on market have trended upward, the area's strong amenities and proximity to major employment hubs continue to support property values.
This ZIP is ideal for young professionals, commuters, and small families who prioritize walkability and access to urban amenities. It is less suited for those seeking large-lot suburban privacy due to its high density.
Median prices moved up 1.4% year over year.
Homes spend a median of 58 days on market with 3.2 months of supply — a fast-moving market.
41% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 6.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 48067, Oakland County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Royal Oak generally experiences lower crime rates compared to the broader Detroit metropolitan area, with property crime being the primary concern. Local law enforcement maintains a visible presence, particularly in the downtown district.
The area is served by Royal Oak Schools, which generally maintains a solid reputation with several schools receiving favorable ratings for academic performance and student support.
The region faces moderate risks related to severe thunderstorms and occasional flooding in low-lying areas, though it is not prone to wildfires. Property insurance premiums are stable but reflect regional climate-related adjustments.
The area benefits from its proximity to major automotive and healthcare employers in Oakland County. Ongoing redevelopment in the downtown core continues to attract mixed-use projects and high-density residential interest.
Property taxes are assessed by Oakland County based on the taxable value of the property, which is capped by state law. Residents are subject to local millage rates for schools, city services, and county operations.
Residents benefit from excellent access to I-696 and I-75, providing direct routes to Detroit and major employment hubs in Troy and Southfield. Public transit options include regional bus services, though the area remains heavily car-dependent.
The ZIP features a vibrant downtown with extensive dining and shopping, alongside numerous local parks like Memorial Park and proximity to the Detroit Zoo. The area is highly walkable and connected by a network of local trails.
The rental market is characterized by high demand and low vacancy rates, driven by young professionals and commuters. Short-term rentals are regulated, and the area remains a popular target for real estate investors.
The local economy is anchored by healthcare, professional services, and the automotive industry. Proximity to major corporate campuses in Oakland County provides a stable employment base.
The area is served by a grid of major arterial roads and is well-positioned for regional highway access. Public transit is primarily provided by SMART bus services.
Development is focused on increasing density in the downtown area through mixed-use projects. City planning emphasizes walkability and the preservation of historic residential neighborhoods.
Parcels are subject to standard municipal and county tax districts, including school and library millages. No major MUDs or PIDs are prevalent in this established urban area.
Property insurance is standard for the region, with premiums influenced by the age of housing stock and proximity to urban infrastructure.
Data retrieved from US Census Bureau and ZCTA-level profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- C.J. Barrymore's4.415.3 mi
- Dave & Buster's Livonia415.4 mi
- Dave & Buster's Utica4.111.4 mi
- Round1 Bowling & Arcade - Auburn Hills4.116.7 mi
- Adventure Bay Family Water Park Presented by WFCU Credit Union4.412.9 mi
- Little Caesars Arena4.611.1 mi
- Comerica Park4.711.4 mi
- Ford Field4.611.4 mi
- Huntington Place4.512.2 mi
- Topgolf4.216.4 mi
- Ambassador Bridge412.9 mi
- Comerica Park4.711.4 mi
- Detroit Zoo4.51.4 mi
- Detroit Institute of Arts4.89.8 mi
- Windsor-Detroit Tunnel4.312.2 mi
- Henry Ford Museum of American Innovation4.814 mi
- Detroit Institute of Arts4.89.8 mi
- Greenfield Village4.813.9 mi
- Michigan Central4.811.6 mi
- Motown Museum4.79.1 mi
- Campus Martius Park4.711.9 mi
- Detroit Riverwalk4.812.3 mi
- Dodge Park4.79.4 mi
- Cranbrook House & Gardens4.87.8 mi
- Innovation Hills4.711.2 mi
- Western Golf & Country Club4.610.9 mi
- Rackham Golf Course3.81.9 mi
- Sanctuary Lake Golf Course3.99.2 mi
- Maple Lane Golf Club and Driving Range47.1 mi
- Evolution Sportsplex4.411.4 mi
- Somerset Collection4.65.3 mi
- Oakland Mall4.13.3 mi
- Fairlane Town Center4.113 mi
- Meijer43.4 mi
- Detroit Metropolitan Wayne County Airport4.322.3 mi
- Windsor International Airport4.217.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary commercial hub featuring diverse restaurants, boutiques, and nightlife.
A major regional anchor attraction located on the border of Royal Oak.
A central green space providing recreational facilities and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.