Above is a snapshot look at the real estate market in Royal Oak, MI. In Royal Oak, MI, the median house price is $175,200, making the price 37% higher than that the average for Michigan. Therefore, the affordability of Royal Oak, MI area real estate is less affordable than the real estate in other areas of Michigan. In addition, Royal Oak, MI has a median rent price of $947; this price is 19% higher than that the average rental price for Michigan. 65.7% of residents in Royal Oak, MI are homeowners, and the average amount of people who reside in each home is 2.0. Royal Oak, MI has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Royal Oak, MI real estate for sale.