Royal Oak, MI 48073 - Real Estate Investment Insights & Performance Data

Welcome to our 48073 real estate data hub, tailored for investors in Royal Oak, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 48073 in Royal Oak, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in OAKLAND COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Royal Oak, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Royal Oak property market.

• Location Overview

  • Zip Code: 48073
  • City: Royal Oak
  • State: MI
  • Metro Area: Detroit-Warren-Dearborn, MI
  • County Name: OAKLAND COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $295,068
  • Average Home Price (Single Family Homes): $311,860
  • Average Monthly Rental Price (All Types): $1,946
  • Price-to-Rent Ratio: 13
  • Zillow Projected % appreciation from 4/2023-4/2024: 1%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,380
  • Average 3 Bedroom Section 8 Rental Rates: $1,720
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.82
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.3
  • Number of Units Offered in Section 8 in the County: 6085
  • Number of Occupied Units in Section 8 in the County: 5730
  • Percentage of Section 8 Units Occupied in the County: 94.19999695%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 228.65
  • Total % Appreciation since 2000 (Government Data): 75.33
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.69%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.65%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 17.8%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.09%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 94.26%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 75.7%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.15%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.99%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.2%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 22.26%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 35.95%