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Foreclosure Homes in Royal Oak, MI

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E-lincoln-ave-Royal-oak-MI-48067
Preforeclosure
$216,585 EMV

E Lincoln Ave
Royal Oak, MI 48067

3 Bed | 1 Bath | 1,046 Sq. Ft.

5 Benjamin-ave-Royal-oak-MI-48073
Preforeclosure
$191,675 EMV

Benjamin Ave
Royal Oak, MI 48073

1 Bed | 1 Bath | 1,248 Sq. Ft.

Starr-rd-Royal-oak-MI-48073
Bankruptcy
$186,000 EMV

Starr Rd
Royal Oak, MI 48073

3 Bed | 2 Bath | 1,143 Sq. Ft.

W-bloomfield-ave-Royal-oak-MI-48073
Bankruptcy
$228,418 EMV

W Bloomfield Ave
Royal Oak, MI 48073

3 Bed | 1 Bath | 1,193 Sq. Ft.

Mankato-ave-Royal-oak-MI-48073
Bankruptcy
$426,861 EMV

Mankato Ave
Royal Oak, MI 48073

3 Bed | 1 Bath | 903 Sq. Ft.

13 N-main-st-Royal-oak-MI-48067
As-Is Deal
$1,400,000 List Price

N Main St
Royal Oak, MI 48067

18 Gardenia-ave-Royal-oak-MI-48067
Fixer Upper
$175,000 List Price

Gardenia Ave
Royal Oak, MI 48067

2 Bed | 2 Bath | 774 Sq. Ft.

16 Springer-ave-Royal-oak-MI-48073
Fixer Upper
$250,000 List Price

Springer Ave
Royal Oak, MI 48073

3 Bed | 2 Bath | 1,272 Sq. Ft.

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Foreclosure Homes in Royal Oak, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Royal Oak, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Royal Oak, MI and much more. Save thousands at closing with home foreclosure listings in Royal Oak, MI — up to 75% off market value!


Top Reasons To Live In Royal Oak, MI In 2021

Royal Oak is located in Oakland, Michigan, with an estimated municipal population of 59,277 residents. All of the best foreclosed homes for sale in Royal Oak are located in the following zip code areas on Foreclosure.com: 48067 48073 48068. The estimated population per square kilometer (.62 miles) in Royal Oak is 1,940.


Cost Of Living In Royal Oak, MI

So, about how much do homes cost in Royal Oak? The most recent median value of resident-owned homes in Royal Oak is 224,647. An estimated 67.4 percent of households in Royal Oak own their homes, with an average family size of 2.85. The median household income in Royal Oak is 81,665, with39.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Royal Oak, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in Royal Oak? If so, the average rent price paid by renters in Royal Oak is 1,079, according to recent statistics.


Diversity And Demographics In Royal Oak, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Royal Oak, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Royal Oak is 35.8, split between 50.3 percent male versus 49.7 female. The percentage of residents who report being married in Royal Oak is 45.2, with an average family size of 2.85.

The percentage of residents who report their race in Royal Oak is as follows:

White 89.9%
Black / African American 3.7%
Asian 4.1%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.8%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Royal Oak? Or maybe you are searching for 55+ active adult communities in and/or near Royal Oak?

The percentage of residents who report their age in Royal Oak is as follows:

Under 10 9.6%
Aged 10-19 6.8%
20s 20.4%
30s 19.4%
40s 11.5%
50s 12.2%
60s 10.8%
70s 6%
80+ 3.3%

Best Schools In Royal Oak, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Royal Oak with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Royal Oak.


Pros And Cons Of Living In Royal Oak, Michigan

How do you know that living in -- or moving to -- Royal Oak is right where you need to be? Perhaps you grew up in Royal Oak or already live nearby; therefore, the decision to buy a home in Royal Oak is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Royal Oak for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Royal Oak:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Royal Oak.


Reasons To Move To Royal Oak, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Royal Oak can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Royal Oak, meanwhile, can field multiple offers from more qualified buyers.

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