48073 Real Estate Market Overview

Could Royal Oak, MI 48073 be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about 48073. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near 48073 such as Fern...dale and Berkley. When you’re ready, Trulia has 122 resale and new homes in 48073 lined up for you, including 9 open houses, and 38 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$225,000

Median Sales Price

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$179

Price Per Sqft

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$1,600

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in 48073 show a 10% year-over-year rise in median sales price and a -3% drop in median rent per month.

Median Sales Price
The median sales price for homes in 48073 for May 10 to Aug 9 was $225,000 based on 113 home sales.
Price Per Square Ft.
Average price per square foot for 48073 was $179, an increase of 7% compared to the same period last year.
Median Rent Per Month
The median rent per month for apartments in 48073 for Jul 10 to Aug 10 was $1,600.

Crime

Most frequent crimes in the past year

48073 has very low crime relative to the rest of Oakland County.

Knowing more about crime activity in and around 48073 can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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9

Counts of Arrest

4

Counts of Burglary

4

Counts of Theft


Best Schools in 48073

There are 10 schools in 48073.

Elementary Schools
10

Northwood Elementary School

Public, K-5

8

Addams Elementary

Public, K-5

8

Oak Ridge Elementary School

Public, K-5

Middle Schools
6

Royal Oak Middle School

Public, 6-8

N/A

Shrine Catholic High School

Private, 7-12

High Schools
10

Shrine High School

Private, 9-12

N/A

Shrine Catholic High School

Private, 7-12

N/A

Royal Oak High School

Public, 8-12


Demographics

Get to know your neighbors in 48073 by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
51%
Single residents
Home owners
80%
Home owners
Median age
41
Median age
Household income
$66,908
Median household income
College educated
56%
College educated

Commute

Most people in 48073 commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
98% commute by car
0% commute by bike
0% commute by public transportation
0% commute by foot

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