Home Values

Oakland County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$195,400

  • 5.7% 1-year change
  • 3.1% 1-year forecast

The median home value in Oakland County is $195,400. Oakland County home values have gone up 5.7% over the past year and Zillow predicts they will rise 3.1% within the next year. The median list price per square foot in Oakland County is None. The median rent price in Oakland County is $1,280, which is higher than the Detroit Metro median of $925.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oakland County is 2.4%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oakland County homeowners underwater on their mortgage is 14.2%, which is lower than Detroit Metro at 21.3%.

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Relative ZHVI
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Oakland County Market Overview

Data through Apr 30, 2015
  • $195,400 ZHVI
  • 3.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $190,410 Median sale price
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Oakland County Market Health

Data through Apr 30, 2015
  • 6.7/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • 121 Average days on Zillow (Mar 31, 2015)
  • 14.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Cities in Oakland County

Name Median ZHVI
Orchard Lake $551,300
West Bloomfield $258,500
Clarkston $225,400
Name Median ZHVI
Commerce Township $219,500
White Lake $202,600
Sylvan Lake $171,500
Name Median ZHVI
Waterford $123,400
Keego Harbor $107,900
Pontiac $53,600

Listings & Sales

Data through Apr 30, 2015
  • No recent data Median list price / sq ft
  • $121 Median sale price / sq ft
  • No data Listings with price cut
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Oakland County Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,586 Oakland County
    $1,121 Detroit Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,280 Rent list price
  • $1.03 Rent list price / sq ft
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