Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$365,826+2.3% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$79,303About 0.8× the local median income ($99,070): affordable for a typical household
Days on market41 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.8%Zillow expects prices to rise slightly
The typical home in Oakland County, MI is worth $365,826, up 2.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $318,487, so the area is 14.9% overvalued. It is a buyer's market: homes take about 41 days to sell, listings are up 29% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 1.8% over the next year. A household needs about $79,303 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,070. Typical rent is $1,726 a month, or $1,908 for a house. In the latest IRS figures, 5,444 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$365,826
Change in 1 year
+2.3%
Overvalued %
+14.9%
Show 7 more
Fair home value
$318,487
Change in 5 years
+21.7%
Zillow forecast, next 12 months
+1.8%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,983
Income needed to afford it
$79,303
Property tax rate
1.27%
Rent and investing
Typical rent
$1,726
Typical rent for houses
$1,908
Price-to-rent ratio
17.7×
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HUD Fair Market Rent, 2 bedrooms
$1,459
Gross rental yield
5.66%
Cap rate (estimate)
3.68%
Market activity
Listings vs a year ago
+29.4%
Days on market
41
Listings with a price cut
23.6%
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Homes for sale
3,761
Pending sales per 100 listings
37
Asking price per sq ft
$228
People and jobs
Median household income
$99,070
Population change (1 year)
+0.5%
Unemployment rate
4.8%
Show 4 more
Population
1,288,337
Income adjusted for cost of living
$98,774
Net moves in (IRS)
−5,444
Cost of living (US = 100)
100.3
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
97.5
Unhealthy air days a year
9
Show 4 more
Flood risk score
97.5
Wildfire risk score
58.1
Walkability (1 to 20)
7.7
Road, rail and air noise
54 dB
Questions people ask
Is Oakland County, MI overvalued?
Home prices in Oakland County, MI are well above what local incomes have historically supported: fair value is about $318,487, so the area is 14.9% overvalued.
Is Oakland County, MI a buyer's or seller's market?
Oakland County, MI is a buyer's market: homes take about 41 days to sell, listings are up 29% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Oakland County, MI?
Home values in Oakland County, MI are up 2.3% over the last year. Zillow's forecast for the next 12 months is +1.8%.
How much do you need to earn to buy a home in Oakland County, MI?
A household needs about $79,303 a year to afford the typical home in Oakland County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,070.