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

$196,900

  • 5.5% 1-year change
  • 3.6% 1-year forecast

The median home value in Oakland County is $196,900. Oakland County home values have gone up 5.5% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Oakland County is None. The median rent price in Oakland County is $1,250, which is higher than the Detroit Metro median of $945.

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 2.5%, which is lower than the national value of 6.0%. 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 13.1%, which is lower than Detroit Metro at 19.4%.

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Relative ZHVI
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Oakland County Market Overview

Data through May 31, 2015
  • $196,900 ZHVI
  • 3.6% 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
    (May 31, 2016)
  • No data Median listing price
  • $204,350 Median sale price
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Oakland County Market Health

Data through May 31, 2015
  • No recent data Healthy
  • 105 Average days on Zillow (Apr 30, 2015)
  • 13.1% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.5% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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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 May 31, 2015
  • No recent data Median list price / sq ft
  • $123 Median sale price / sq ft
  • No data Listings with price cut
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Oakland County Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,590 Oakland County
    $1,123 Detroit Metro
    $1,367 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)
  • $1,250 Rent list price
  • $1.04 Rent list price / sq ft
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