HomeMichiganOakland CountyRoyal Oak
Royal Oak, Michigan: commercial real estate data.
Royal Oak is a Census city of 57,950 people across 11.79 square miles of land, in Oakland County. Median household income is $101,109, 68.0 percent of occupied homes are owned, and the SBA record carries 126 7(a) approvals to borrowers here worth $55.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Royal Oak
What Royal Oak is
- Census place typecity
- Land area11.79 sq mi
- Water area0 sq mi
- Population per square mile of land4,914
- County holding the largest share of its areaOakland County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Royal Oak
How many people live in Royal Oak
- Population57,950
- Median age36.9
- Population under 188,590
- Share under 1814.8 percent
- Population 65 and over9,015
- Share 65 and over15.6 percent
- Households29,110
- Family households12,716
- Share of households that are families43.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Royal Oak
Income and work in Royal Oak
- Median household income$101,109
- Per capita income$66,293
- Civilian labor force37,320
- Employed36,008
- Unemployed1,312 plus or minus 326
- Unemployment rate3.5 percent plus or minus 0.9
- Adults 25 and over44,590
- Adults 25 and over with a high school diploma or higher97.1 percent
- Adults 25 and over with a bachelor degree or higher64.1 percent
- Adults 25 and over with a graduate degree25.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Royal Oak
Housing in Royal Oak
- Housing units31,130
- Occupied units29,110
- Vacant units2,020 plus or minus 408
- Vacancy rate6.5 percent plus or minus 1.3
- Owner occupied19,791
- Renter occupied9,319
- Ownership rate68.0 percent
- Median owner-occupied home value$328,700
- Median gross rent, monthly$1,381
- Annual rent as a share of median income16.4 percent
- Single family units21,870
- Share single family70.3 percent
- Units in buildings of two or more9,215
- Share in buildings of two or more29.6 percent
- Mobile homes45 plus or minus 39
- Median year structure built1956
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Royal Oak
How Royal Oak gets to work
- Workers 16 and over who commute25,664
- Commuting under 15 minutes6,232
- Share commuting under 15 minutes24.3 percent
- Commuting 30 minutes or more7,889
- Share commuting 30 minutes or more30.7 percent
- Drove alone67.1 percent
- Carpooled3.1 percent plus or minus 0.9
- Public transport0.1 percent plus or minus 0.1
- Walked1.5 percent plus or minus 0.5
- Worked from home27.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Royal Oak
SBA loans in Royal Oak (7(a))
- Approvals126
- Gross approval$55,897,800
- Average approval$443,633
- Median approval$150,000
- Ninetieth percentile approval$1,140,000
- Largest approval$5,000,000
- Jobs supported1,020
- Jobs per approval8.1
- Loans with a final outcome22
- Paid in full18
- Charged off4
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises8.7 percent
- Distinct lenders40
- Distinct industries by NAICS72
Counted by borrower city: approvals to borrowers whose address is in Royal Oak, in any county, FY2020 to FY2026. Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Royal Oak
SBA loans in Royal Oak (504)
- Approvals22
- Gross approval$18,767,000
- Average approval$853,045
- Median approval$462,500
- Largest approval$3,425,000
- Jobs supported398
- Loans with a final outcome5
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Royal Oak, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Royal Oak
Flood risk in Royal Oak
- NFIP communityCity of Royal Oak
- NFIP community number260178
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date(NSFHA)
The City of Royal Oak participates in the National Flood Insurance Program as community 260178 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Oakland County, not Royal Oak
Oakland County context, not Royal Oak figures
- Establishments in Oakland County39,792
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Housing units permitted, Oakland County2,886
Every figure in this section is published for Oakland County as a whole and is not a measurement of Royal Oak.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Royal Oak questions, answered from the record.
How many people live in Royal Oak, Michigan?
57,950, in 29,110 households. Royal Oak city covers 11.79 square miles of land, which is 4,914 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Royal Oak in?
Oakland County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Royal Oak?
$101,109. The median owner-occupied home is valued at $328,700. Median gross rent is $1,381 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Royal Oak businesses?
126 7(a) approvals totaling $55.9 m since FY2020, across 40 lenders, median approval $150,000, plus 22 504 approvals worth $18.8 m since FY2010. These count approvals to borrowers whose address is in Royal Oak, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Royal Oak borrowers get paid back?
No rate is published for Royal Oak. Only 22 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Royal Oak in the National Flood Insurance Program?
Yes. Royal Oak appears in the FEMA Community Status Book as Royal Oak, city of, community 260178, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Royal Oak figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Oakland County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Royal Oak.
Is zoning published for Royal Oak?
No. Nothing on this page presents parcel level zoning.