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

$194,900

  • 8.6% 1-year change
  • 1.6% 1-year forecast

The median home value in Oakland County is $194,900. Oakland County home values have gone up 8.6% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Oakland County is $128, which is higher than the Detroit Metro average of $98. The median price of homes currently listed in Oakland County is $230,000 while the median price of homes that sold is $188,250. The median rent price in Oakland County is $1,215, 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 6.4%. 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 14.5%, which is lower than Detroit Metro at 22.0%.

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Relative ZHVI
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Oakland County Market Overview

Data through Jan 31, 2015
  • $194,900 ZHVI
  • 1.6% 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
    (Jan 31, 2016)
  • $230,000 Median listing price
  • $188,250 Median sale price
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Oakland County Market Health

Data through Jan 31, 2015
  • 8.4/10 Very 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.
    (Dec 31, 2014)
  • 106 Average days on Zillow (Dec 31, 2014)
  • 14.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Cities in Oakland County

Name Median ZHVI
Orchard Lake $572,200
West Bloomfield $264,600
Clarkston $237,400
Name Median ZHVI
Commerce Township $229,200
White Lake $213,200
Sylvan Lake $186,000
Name Median ZHVI
Waterford $132,100
Keego Harbor $104,100
Pontiac $54,100

Listings & Sales

Data through Jan 31, 2015
  • $128 Median list price / sq ft
  • $117 Median sale price / sq ft
  • No data Listings with price cut
22.0%
Sold below listing
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Oakland County Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,590 Oakland County
    $1,096 Detroit Metro
    $1,350 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,215 Rent list price
  • $1.00 Rent list price / sq ft
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