Oakland, Michigan.
Typical home $647,975 (+2.9% in a year). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$1,800 (+112%) since Jan 2020.
- 1 year
- Up $18,363 +3%
- $629,612$647,975 since Sep 2025
- 5 years
- Up $135,250 +26%
- $512,725$647,975 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Oakland$3,401
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Oakland, MI rose 2.9% over the past year — faster than the nation's +1.2%.
Living in Oakland, Oakland County, Michigan
Oakland is a township of 20,067 people in Oakland County. Half its households earn more than $166,538 a year and half less, against $97,760 across Oakland County; 3% of its people live below the poverty line. 94% of its homes are lived in by their owners and 6% are rented. Unemployment in Oakland County was 4.7% in August 2026, and the county had 0.5% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Oakland is a township where nearly everyone owns the home they live in, and where incomes run well above the county's and few households fall below the poverty line. Residents tend to be somewhat older than in many places, and most adults hold a four-year degree. Winters are cold, with January the coldest month and a good deal of snow, while July brings warm summer days.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, and in professional and business services, with banks, insurance and property also well represented. Within the township, larger workplaces include Kroger Michigan KMA, Lyon Gear & Machine and CSIG Shared Services Group. Many people work from home, and the typical commute is a moderate one.
Things to do. Stony Creek Metropark is a park a short drive away, and the River Rouge is also close by. For a day in the city, the Detroit Institute of Arts is a museum a longer drive away, and the Detroit Zoo is a zoo in the same direction. Trout Creek runs in or beside town for a quieter walk closer to home.
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- 6,968households
- 67%of adults have a degree
- 3%below the poverty line
- 28 mintypical commute
- 27%work from home
What residents work in
Employed residents by industry, from the Census survey. Oakland County had 720,266 jobs in 2025, 0.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 17°; warmest in July, with highs near 82° and lows near 63°. About 36 inches of snow and 34 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Pontiac Wwtp weather station, 9 miles away (NOAA).
Largest workplaces in Oakland
- Kroger Michigan KMASupermarkets and other grocery except convenience stores132
- Lyon Gear & MachineMachine tool attachments and accessories manufacturing122
- CSIG Shared Services GroupResidential property managing63
- Oakland Charterr TownshipCity and town councils40
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 357 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- Ice stormsVery high
- Cold wavesVery high
- Strong windVery high
- Inland floodingRelatively high
- Heat wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Oakland County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Oakland County and the Detroit-Warren-Dearborn, MI metro.
Oakland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Oakland$647,975
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Oakland listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Oakland26.15%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Oakland80
New listings per month
Sellers arriving at the market.
- Oakland25
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Oakland$591,390
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Oakland101.31%
Zip codes with a Oakland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Oakland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Oakland
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48306 | Rochester | 28,389 | $1,872 | $596,912 |
| 48363 | Oakland | 7,362 | — | $707,528 |