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Oakland County Housing Market

Michigan · 83 counties · Ranked #2720 in home value

Above National Avg

Housing at a Glance

Median Home Value

$320,400

vs national+$320,400 vs $281,900 national

Median Gross Rent

$1,319/mo

vs national+$1,319 vs $1,163 national

Effective Tax Rate

1.32%

vs national+1.32% vs 1.02% national

Median Household Income

$95,296

vs national+$95,296 vs $74,755 national

Affordability Ratio

3.4x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$4,241

Tax as % of Home Value

1.32%

Monthly Owner Cost

$1,483

Renter Income

$56,655

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Mortgage

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Home Search

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Search active listings in Oakland County. See photos, prices, and open house dates.

Similar Counties by Home Value

Matanuska-Susitna Borough

Alaska

$319,200

Explore Related Data

Frequently Asked Questions

What is the median home value in Oakland County?

The median home value in Oakland County is $320,400. This is above the national median of $281,900.

How much is rent in Oakland County?

The median gross rent in Oakland County is $1,319 per month.

What is the property tax rate in Oakland County?

The effective property tax rate in Oakland County is 1.32%. The median annual property tax bill is $4,241.

Is Oakland County affordable?

With a home-value-to-income ratio of 3.4x, Oakland County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.