Royal Oak, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Royal Oak short-term rental market based on reliable data.
Listings
271 / 605
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$33,154
Middle-Earners Revenue
Occupancy
69%
Middle-Earners Occupancy
Home Value
$318,082
Median Home Sale Price
Top Earners
$55,992
Top-Earners Revenue
Royal Oak
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Royal Oak.
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Generally Investor friendly
Royal Oak Regulations
Royal Oak allows STRs citywide with no caps or limited zones, but requires comprehensive rental registration with inspections, mandatory insurance, designated responsible parties, and multiple fees ($125 permit mentioned). While extensive, the regulations are well-documented and compliance is a known process without prohibitive barriers.
Local STR Agent
STR specialist · Royal Oak, MI
About Royal Oak
Royal Oak is a suburban city located in Oakland County, Michigan, approximately 14 miles north of Detroit, the closest major city. As of the latest census, Royal Oak has a population of about 59,000 residents. It is part of the Detroit metropolitan area and is well-connected to nearby urban centers via major highways such as I-75 and I-696.
The city is known for its vibrant downtown area, which is a major draw for both residents and visitors. Royal Oak's downtown is bustling with a variety of dining, shopping, and entertainment options. One of the city's key attractions is the Detroit Zoo, Detroit Zoo, which spans 125 acres and houses a diverse range of animals and exhibits.
Additionally, Royal Oak boasts a lively arts and culture scene. The Royal Oak Music Theatre is a historic venue that hosts concerts and events throughout the year. For those interested in art, the Royal Oak Farmers Market offers not just local produce but also arts and crafts fairs.
Royal Oak has a mixed urban-suburban feel, making it appealing for short-term rentals. The proximity to Detroit, along with its own local attractions, makes it a convenient and attractive destination for both vacationers and business travelers. The city's blend of vibrant city life and suburban tranquility offers a unique experience, distinguishing it as an ideal location for short-term stays.