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In Royal Oak there are 28,880 places to live of various types. In the city, 70% of the houses and apartments are occupied by the owners, not rented out.
About 72% of owner-occupied housing units in Royal Oak have a mortgage of one type or another. Approximately 16% of housing units in the city carry a second mortgage or home equity loan.
Mortgage and interest rate quotes for the Royal Oak area (or anywhere else you choose in the US) are available, without obligation or credit checks:
| Category | Value |
|---|---|
| Homes With No Mortgage | 28% |
| With A Mortgage | 72% |
| First Mortgage Only | 55% |
| Second Mortgage or Home Equity Loan | 16% |
| Second Mortgage Only | 5% |
| Home Equity Loan Only | 12% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 16.9% |
| Median Real Estate Taxes (2000) | $1,971 |
| Category | Value |
|---|---|
| Total Occupied | 28,880 |
| 1-Person Households | 41% |
| 2-Person Households | 32% |
| 3-Person Households | 13% |
| 4-Person Households | 9% |
| 5-Person Households | 3% |
| 6-Person Households | 1% |
| 7+-Person Households | 0% |
| Category | Value |
|---|---|
| Median Year Built | 1954 |
| Median Year Built (Owner Occupied) | 1951 |
| Median Year Built (Renter Occupied) | 1961 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 95% |
| Using Bottled/Tank Gas Heat | 0% |
| Using Electric Heat | 4% |
| Using Oil Heat | 1% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 0% |
| Category | Value |
|---|---|
| No Bedrooms | 0% |
| 1 Bedroom | 3% |
| 2 Bedrooms | 21% |
| 3 Bedrooms | 61% |
| 4 Bedrooms | 13% |
| 5+ Bedrooms | 2% |
Rate quotes from multiple lenders for the Royal Oak area:
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Moving Traffic, Inc., operator of CityTownInfo.com, is not a broker or a lender, and all offers for loans or mortgages found on this site are made solely by the advertiser.