Royal Oak Michigan Real Estate
Royal Oak, Michigan, is located in Oakland County, of , and 10 miles N of Detroit, Michigan. Royal Oak has a population of 60,062.
Royal Oak Homes
Royal Oak properties pool is 28,880 residential properties including Royal Oak new homes. Median age of real estate in Royal Oak is 1954. Average Household size is 2.86 people. 3% are one bedroom homes, 21% are 2 bedroom homes, 61% are 3 bedroom homes, 13% are 4 bedroom homes, and 2% are 5+ bedroom homes.
Royal Oak Mortgage Statistics
Royal Oak mortgages vs. USA median statistics
| Homes |
Royal Oak |
USA |
| Homes With No Mortgage |
28% |
30% |
| Homes With Mortgage |
72% |
70% |
| First Mortgage Only |
55% |
54% |
| First & Second Mortgage or HELOC |
16% |
16% |
Royal Oak Area Real Estate Tax
Royal Oak Real estate Tax: Median Real Estate Taxes (2000) were $1,971 comparing to 1999 Median Family income $ 68,109. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Royal Oak School District: Children make up 17.8% of Royal Oak population. Royal Oak has 10,695 under 18 years old residents, or 0.31 kids per one worker, or 0.37 kids per one household.
Royal Oak Real Estate & Royal Oak Homeownership
There are 11840.8 or 41% one person households, 9241.6 or 32% two person households, and 3754.4 or 13% three person households in Royal Oak, Michigan. Median residents age is 36.9, Senior citizens (65+) make up 8,958 or 14.9%% of Royal Oak population.
There are 34,934 workers (over 16 years of age) in Royal Oak. Of these, 93.79% drive to work. Approximately 1.01% of workers in Royal Oak take public transportation. An estimated 1.84% walk to work.
Median Royal Oak homeowner's housing expences are 16.9%
Crime in Royal Oak (2003), crimes per 10,000 residents per year
| Type of Crime |
Royal Oak |
USA, 2003 |
| Violent Crimes |
17.15 |
47.5 |
| Robberies |
6.99 |
14.2 |
| Aggravated Assaults |
8.66 |
29.5 |
| Property Crimes |
251.07 |
358.8 |
| Burglaries |
45.79 |
74.0 |
| Larceny-Thefts |
179.48 |
241.5 |
| Motor Vehicle Thefts |
25.81 |
43.3 |
Invest in Royal Oak Properties
When making a decision about buying real estate in Royal Oak Michigan area, you should consider following statistical data:
| Category |
Royal Oak |
USA |
| Near Medium City |
|
- |
| Near Large City |
Detroit, Michigan |
- |
| Royal Oak Zip Codes |
48067, 48073 |
- |
| Royal Oak Area Codes |
248 |
- |
| White population |
94.8% |
75.1% |
| African-American population |
1.54% |
12.3% |
| Asian |
1.56% |
3.6% |
| American Indian & Alaskan |
0.26% |
0.9% |
| Hispanic (of any race) |
1.3% |
12.5% |
| Median Family Income (1999) |
$ 68,109% |
$42,000 |
| Population Below Poverty Level |
4.25% |
12.4% |
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