Oakland County Home Prices & Values

$193,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.6% 1-year change
  • 6.7% 1-year forecast

The median home value in Oakland County is $193,300. Oakland County home values have gone up 13.6% over the past year and Zillow predicts they will rise 6.7% within the next year. The median list price per square foot in Oakland County is $129, which is higher than the Detroit Metro average of $104. The median price of homes currently listed in Oakland County is $243,900 while the median price of homes that sold is $205,900. The median rent price in Oakland County is $1,250, which is higher than the Detroit Metro median of $875.

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 2.8%, which is lower than the national value of 6.9%. 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 15.0%, which is lower than Detroit Metro at 23.2%.

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Relative ZHVI
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Oakland County Market Overview

Data through Aug 31, 2014
  • $193,300 ZHVI
  • 6.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $243,900 Median listing price
  • $205,900 Median sale price
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Oakland County Market Health

Data through Aug 31, 2014
  • 8.7/10 Very healthy What's This?  
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    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.

  • No recent data Average days on Zillow
  • 15.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Oakland County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Orchard Lake $588,100 West Bloomfield $270,200 Clarkston $236,100
Commerce Township $226,100 White Lake $209,600 Sylvan Lake $179,000
Waterford $130,300 Keego Harbor $110,900 Pontiac $57,400

Listings & Sales

Data through Aug 31, 2014
  • $129 Median list price / sq ft
  • $124 Median sale price / sq ft
  • 46.0% Listings with price cut
21.9%
Sold below listing
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Oakland County Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,521 Oakland County
$1,062 Detroit Metro
$1,328 United States
  • 1.3 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • $1,250 Rent list price
  • $1.00 Rent list price / sq ft
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